Current market situation
At the time of analysis, the SUI/USDT pair is trading at $3.7371, showing a decrease of 5.95% over the last period. Technical indicators indicate potential opportunities for traders:
- RSI(14) at 46.34 - neutral zone, no overbought/oversold
- MACD shows -0.0077 - weak bearish signal
- EMA(50) at 3.8167 - price below the medium-term average
Strategy "Bounce from key levels"
1. Levels to watch:
- Resistance: $3.8167 (EMA 50), then $3.9073
- Support: $3.6742, then $3.5842
2. Buying scenario (long):
- Entry when testing $3.6742 with confirmation of a bounce (e.g., bullish engulfing on 15M)
- Stop-loss: $3.58 (-2.5% from entry point)
- First target: $3.79 (3.5% profit)
- Second target: $3.90 (6% profit)
3. Selling scenario (short):
- Entry on breakout at $3.6742 with volume
- Stop-loss: $3.72 (1.3% above entry point)
- Target: $3.58 (2.5% profit)
Risk management
1. Position size: No more than 2% of the deposit on one trade
2. Risk/profit: Minimum 1:2 in favor of profit
3. Timeframe: Key decisions on 1H, entries on 15M
Why can this strategy "take off"?
1. High liquidity: 24-hour volume of $341M ensures good execution
2. Volatility: Daily range of 6% provides room for profit
3. Clear levels: The technical picture shows clear entry/exit points
This strategy combines conservative risk management with aggressive use of SUI volatility. Adjust the position size to your comfort level and always check the market context before entering.