For SUI currency
A quick analysis and a recommendation for this currency$
SUI/USDT - Current Recommendation:
The price is now around $3.64.
The price is very close to the EMA 99 average support (the purple line at 3.6429).
The stochastic indicator has entered the oversold area (K below 30), which means there is a good chance for a near-term upward rebound.
Quick Recommendation:
Initial Buy: Around $3.63 ~ $3.64.
Stop Loss: Close a 5-minute candle clearly below $3.60.
First Target: $3.68.
Second Target (if the rise continues): $3.71.
Important Note:
If strong support (3.60) is broken with high volume, it is better to exit the trade to avoid further decline.
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