$SUI #SUI🔥

* SUI/USDT 1H frame

1. OVERVIEW

Current price: 3.6052 USDT

Change: -0.02%

Price structure: Pullback to MA25 area (3.56) after an uptrend from the bottom 3.4274

2. TECHNICAL ANALYSIS

A. Trend

Price has crossed MA7 & MA25 after a downtrend, approaching MA99 (resistance)

There has been a strong rebound from the bottom 3.4274 => "short-term reversal" signal

However, MA99 is still sloping down => the major trend remains bearish

B. Technical indicators

MACD

MACD > 0, green histogram increasing => bullish momentum is maintained

MACD and Signal lines are diverging => no reversal signal yet

RSI (6):

63.86 => neutral zone slightly leaning towards buying

Still room for increase but needs to surpass 70 to confirm breakout

Stochastic KDJ:

K: 83 | D: 81 | J: 86 => overbought signal, but no divergence yet

A short correction may occur before resuming upward movement

3. TRADING STRATEGY

A. LONG (priority if holding MA25 and not breaking the bottom 3.56)

Entry: 3.57 – 3.60 (current support area)

TP1: 3.68 (previous resistance)

TP2: 3.72 – 3.73 (close to MA99 – strong resistance)

SL: 3.54 (below MA25 & hammer candle)

Risk:Reward ratio: ~2:1

Probability: Quite good if holding above 3.56

B. SHORT (only if a strong red candle appears in the 3.72 – 3.75 area)

Entry: 3.72 – 3.74 (if no breakout of MA99)

TP1: 3.63

TP2: 3.56

SL: 3.77

- Note: Only short if there is a failed breakout of MA99 or RSI divergence

C. SPOT TRADE

Accumulation strategy:

Entry: 3.56 – 3.60

TP1: 3.68

TP2: 3.72

SL: 3.52

- If you want to be more certain, wait for a 1H green candle closing above 3.62 to confirm

4. CONCLUSION

SUI is recovering positively and forming a short-term bottom

Prioritize Long or Spot Buy at the current area, avoid FOMO if getting close to MA99

If a weak candle appears in the 3.72 – 3.75 area, then a short-term short position may be taken