$SUI

🔍 Quick Overview

• Current Price: $3.6878

• 24h Change: +6.35%

• 24h High/Low: $3.7350 / $3.4126

• Volume (SUI): 61.68M

• Chart Timeframe: 2-hour candles

• Moving Averages:

• MA(7): 3.6838 (current price sitting right on it)

• MA(25): 3.5765 (support)

• MA(99): 3.7258 (acting as near-term resistance)

• Recent Local Bottom: $3.4041

• Recent Local Top: $3.7350

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🧠 Interpretation

1. Momentum: Bullish but facing resistance

• Price broke above the short-term and mid-term MAs (7 and 25).

• Price is now testing the MA(99), which historically acts as strong resistance.

• Candle bodies are getting smaller, and there’s slight rejection near $3.73 — suggesting buyer exhaustion or profit-taking.

2. Volume Analysis:

• Volume spiked on the recent green candles, indicating strong buying interest.

• If volume sustains while price holds above MA(25), uptrend can continue.

3. Order Book:

• Slightly more sell pressure (51.76%) than buy (48.24%).

• This indicates resistance in the short term, aligning with the technicals near $3.73.

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✅ Next Best Step: Based on Your Objective

📈 If You’re a Short-Term Trader:

• Action: Consider waiting for a confirmed breakout above $3.735 (with volume) before entering.

• Alternative: If already in a position, consider partial profit-taking near current levels due to:

• Resistance at MA(99)

• Slowing upward momentum

• Stop-loss idea: Below $3.57 (just under MA(25))

🪙 If You’re a Swing Trader or Holder:

• Action: Hold position as long as price stays above $3.57 (MA-25).

• Watch for confirmation of a bullish crossover between MA(25) and MA(99) in longer timeframes (like 4h).

• Target: If broken, next resistance may be around $3.80–$3.90, depending on historical data.

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🔔 Recommendation:

Set alerts around:

• $3.735 (breakout level)

• $3.57 (support watch)

• $3.40 (if downtrend resumes)