🚀 $SUI Trade Signal & Analysis (15m) 📊

📊 Key Observations:

1. Price Action:

- Strong Uptrend – Price at $3.7082 (+4.08%), testing key resistance.

- MA(7) ≈ MA(25) ≈ Price – Tight consolidation near dynamic support.

2. Moving Averages (Bullish Structure):

- MA(7) (3.7008) ≈ MA(25) (3.7081) – Golden Cross potential if MA7 crosses above MA25.

- MA(99) (3.6735) – Acting as strong support.

3. RSI & Stochastic RSI (Neutral-Bullish):

- RSI(6): 54.76 – Slightly bullish, room for upside.

- StochRSI: 30.75 – Oversold but turning up (bullish momentum building).

4. MACD (Slight Bearish Divergence):

- DIF (0.0012) < DEA (0.0034) – Short-term weakness, but MACD histogram improving.

5. Volume:

- Vol (57.3K) < MA(5) (394K) – Low volume pullback; breakout could spike volume.

💡 Trade Signal:

🟢 LONG ENTRY (Breakout Strategy):

- Entry Zone: $3.7150 - $3.7250 (above MA25 & consolidation high).

- Targets:

- TP1: $3.7500 (immediate resistance).

- TP2: $3.8000 (next psychological level).

- Stop Loss: $3.6800 (below MA7 & recent swing low).

🔴 SHORT ONLY IF:

- Rejection at $3.7500 + RSI < 50.

- Target: $3.6500 (MA99 support).

⚠️ Caution:

- Low MACD momentum – Needs confirmation (DIF > DEA for strong uptrend).

- Watch for volume spike – Breakout needs volume to sustain.

Trade here

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