I am still bullish on $SUI

1. Current Price:

• $3.8069

2. Recent Price Action:

• Price bounced from $1.7174, forming a strong bullish rally.

• Tapped a local high near $4.20, now showing some consolidation below that level.

3. Bollinger Bands (20, 2):

• Price is above the mid-band (MA 20): Suggests bullish momentum.

• Bands are expanded: Indicates increased volatility.

• Upper Band: $4.3138

• Lower Band: $3.2436

• Price is near the upper band → Potential overbought zone short term.

4. Moving Averages:

• MA(5) ≈ 92.47M, MA(10) ≈ 73.28M (likely volume MAs).

• The price is above short-term MAs – confirming bullish trend continuation.

5. MACD:

• DIF: 0.2038, DEA: 0.2550, MACD Histogram: -0.0513

• Slight bearish divergence forming → Suggesting weakening bullish momentum.

6. RSI (Relative Strength Index):

• RSI(6): 46.05, RSI(12): 55.46, RSI(24): 58.44

• All RSIs are neutral, not yet overbought, leaving room for upward movement.

7. Stochastic RSI (K/D):

• K: 45.11, D: 47.84

• Mid-range, showing no strong momentum, but no overbought/oversold signal either.

⸻

✅ Trade Setup with 10x Leverage

Note: 10x leverage increases both profit and risk. Risk management is crucial.

🎯 Setup Type: Long (Buy)

• Entry Zone: $3.70 – $3.80 (current region with consolidation)

• Take-Profit Targets:

• TP1: $4.20 (recent high)

• TP2: $4.50 (next resistance zone)

• TP3: $5.00 (psychological resistance)

• Stop-Loss: $3.40 (below middle Bollinger Band & structure support)

⸻

📊 Risk-to-Reward & Position Sizing (10x Leverage)

• Risk per trade: 2% of your capital.

• Leverage: 10x

• SL at $3.40 (~11% below entry)

• TP1 at $4.20 = ~11% gain → R:R = 1:1

• TP2 at $4.50 = ~19% gain → R:R = 1.7:1

• TP3 at $5.00 = ~31% gain → R:R = 2.8:1