SUI/USDT: Buying opportunity after correction, positive recovery signal
- If holding: Continue to hold.
+ Take profit 1: 3.70 - 3.73 USDT.
+ Take profit 2: 4.00 - 4.20 USDT.
- If not holding:
+ Entry price: 3.60 - 3.66 USDT.
+ Take profit 1: 3.70 - 3.73 USDT.
+ Take profit 2: 4.00 - 4.20 USDT.
+ Stop loss: 3.40 USDT.
Quick analysis on H4 timeframe:
- SUI has just undergone a correction and is showing strong signs of recovery.
- Price action: The price is increasing and has surpassed EMA 36 and EMA 54. A long green candle with increasing volume indicates strong buying pressure.
- Volume: Trading volume has surged as prices rise, confirming that large capital is entering the market, supporting the upward trend.
- MACD: The MACD line (DIF) has crossed above the Signal line (DEA), and the Histogram has turned positive and is rising sharply, which is a very positive buy signal, indicating that bullish momentum is prevailing.
- RSI: RSI(6) is at 62.58, RSI(12) at 54.64, and RSI(24) at 49.61. All RSI indicators are rising and have not yet entered the clearly overbought zone (except for RSI 6), indicating that there is still growth potential.
- Conclusion: SUI is showing strong upward momentum after the correction phase. Technical indicators such as Volume and MACD both confirm positive buy signals. Investors may consider entering at the current price range or waiting for a small pullback to get a better position.
No FOMO, always set stop loss!!!
