🚨 $SUI Day Trading Strategy – April 30, 2025​

🔹 Current Price: ~$3.58

🔹 24H Range: $3.46 – $3.63

🔹 Market Sentiment: Neutral to slightly bullish

🔹 Technical Indicators:

Support Levels: $3.50, $3.40

Resistance Levels: $3.65, $3.75

Moving Averages: Trading above 50-day EMA, indicating bullish momentum

MACD: Positive crossover suggests potential upward movement

RSI: Approaching overbought territory, caution advised

📈 Intraday Trading Plan:

Long Entry: $3.50 – $3.55

Take Profit (TP): $3.65 – $3.70

Stop Loss (SL): $3.45

Short Entry: $3.65 – $3.70

Take Profit (TP): $3.55

Stop Loss (SL): $3.75​

📊 Market Overview:

SUI's price is currently consolidating, with key support at $3.50 and resistance at $3.65. A breakout above $3.65 could signal a bullish trend, while a drop below $3.50 may indicate further downside. Traders should monitor volume and price action closely.​

⚠️ Risk Management:

Given the approaching overbought RSI levels and recent price volatility, it's crucial to set appropriate stop-loss orders and manage position sizes to mitigate risk.​

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