$SUI Here’s a full analysis and trading strategy based on what your chart shows:

Key Observations:

• Current Price: $3.4975

• 24h Range: $3.4686 (low) to $3.8114 (high)

• EMA 20 (Pink Line): Around $3.5550 (price is now below the EMA) → bearish signal

• MACD Indicator:

• MACD line is below the signal line.

• MACD histogram is red and increasing → bearish momentum.

• RSI (Relative Strength Index):

• RSI(14) is around 46.37, which is neutral but slightly bearish (below 50).

• Volume:

• Decreasing volume suggests weakening interest in the recent move.

Trading Strategy:

1. Short-Term Bias: Bearish

• Since the price is below EMA20 and MACD is negative, the short-term trend favors sellers.

• RSI below 50 confirms loss of bullish momentum.

Plan: Look for short positions if price cannot reclaim EMA20 ($3.5550).

2. Entry Point for Short:

• Ideal to short if:

• Price retests near $3.54–$3.55 and fails to break above.

• Confirm with a bearish candlestick (like a red engulfing candle).

3. Target (Take Profit) for Short:

• First target: $3.28 zone (previous support zone).

• Second target: Around $3.09–$3.10 if sell pressure increases.

4. Stop Loss:

• Above $3.57, slightly higher than EMA20 to avoid getting trapped by small wicks.

5. If Bullish Reversal Happens:

• If the price strongly closes above $3.55 with good volume, shift bias back to bullish.

• Look for a move back toward $3.80.

Risk Management Tip:

• Since the trend is not extremely strong (RSI isn’t deeply overbought/oversold), trade smaller size until a clear momentum shows.

• Always use stop loss — this market can spike quickly.

Visual Trading Plan (Summary with Picture reference):

• Red area (above $3.57) → Stop loss for shorts.

• Green entry zone ($3.54–$3.55 rejection) → Open short.

• Green take profit zones → $3.28 (TP1), $3.09 (TP2).