$SUI Analysis
SUI is showing remarkable strength with a sustained uptrend, though currently displaying signs of being overbought. The extremely high RSI (92.68) combined with positive MACD divergence suggests strong bullish momentum, but caution is warranted at these levels.
š° Current Situation:
Price action remains bullish but extended, with price consolidating near the $3.52 level. The ADX reading of 45.1 confirms a strong trend, while the DMI spread (27.8/10.5) supports the bullish bias. However, the decreasing volume ratio (0.91x) suggests some weakness in buying pressure.
š Technical Outlook:
The tight Bollinger Band width (2.27%) indicates potential for a volatility expansion. MACD crossing above signal line (0.348 vs 0.246) provides additional bullish confirmation, though the extreme RSI suggests a cooling-off period may be needed.
šÆ Trade Setup:
ā¢ Bulls: Look for entries on pullbacks to $3.41 (S1) with tight stops
ā¢ Bears: Consider counter-trend positions only above $3.73 with strict risk management
ā¢ Key level to watch: $3.58 pivot point for directional bias
ā ļø Risk Management:
Given the overbought conditions and moderate liquidity (16.26%), position sizing should be conservative. The low volatility (2/10) suggests potential for sudden moves, making stop placement crucial.
š” Action Plan:
Wait for price consolidation or pullback to $3.41-$3.30 range before new entries. Current holders should consider partial profit taking above $3.69 (R1). Set stops below $2.93 for swing positions
good news #StableMarket
