Analyzing the chart of $SUI /USDT, we can identify some interesting points for a possible buy operation (long).
Analysis:
Trend: We observe that the price, after a sharp decline, seems to be finding support in the region near 3.2721. There are indications of a possible reversal, with green candles gaining strength.
Moving Averages: The 9-period exponential moving average (EMA(9) at 3.4610) is slightly above the 26-period EMA (EMA(26) at 3.4983). A crossover of these averages upwards could be a bullish signal, although it has not yet occurred clearly.
Volume: The volume appears to have increased in the most recent bullish candles, which may indicate greater buying interest in the region.
RSI: The Relative Strength Index (RSI(6) at 40.113) is still below the 50 line, indicating that the asset is not overbought. However, it shows an upward slope, suggesting an increase in buying pressure.
Recommendation for Long Operation (Buy):
Entry Point: A conservative entry would be to wait for confirmation of the EMA(9) crossing above the EMA(26) along with a consistent bullish candle above this region. A possible entry point would be around 3.4700 - 3.4800. For a more aggressive entry, one could consider the current price (3.4463) with a shorter stop loss. (Entry point of my operation)
Take Profit (TP): The first Take Profit target could be in the region of the previous high, around 3.7666. A more ambitious target could be to test higher levels, such as 3.9000.
Stop Loss (SL): The Stop Loss should be positioned below the most recent support to protect capital in case of a trend reversal. An appropriate point for the Stop Loss would be slightly below 3.2700, for example, at 3.2500.
Important:
This is just an analysis based on the current chart information. The cryptocurrency market is highly volatile and subject to rapid changes.
It is essential to conduct your own analysis and consider other factors, such as market news and overall sentiment, before making any investment decision.
Managing risk is crucial. Use a position size appropriate to your capital and risk tolerance.
Remember that no analysis guarantees profit, and every operation involves risks.