🚀 $SUI Technical Analysis May 31, 2025: PRICE DROPS TO $3.07 LEVEL, INTENSE BEARISH MOMENTUM ⚠️

📊 Market Insight
• Current Price: 3.1477 USDT
• Moving Averages (MAs) indicate a strong bearish trend.
• Volume has surged to 775,590.8, suggesting aggressive selling and heightened market activity.
• MACD shows a bearish trend.
• RSI values are in oversold territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.2926 (recent support turned resistance)
3.5008 (psychological resistance)
3.5349 (next significant resistance)
🔽 Support Levels:
3.0466 (next support level)
3.0802 (current support level)
2.926 (recent low)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.2926
☑️ Entry Point: $3.3000 (enter if price breaks above 3.2926 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.5008
TP2: $3.5349
🛑 Stop Loss: $3.2500 (below the current resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.2926, an increase in volume, RSI(6) rising above 30, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $3.0802
☑️ Entry Point: $3.0700 (enter if price breaks below 3.0802 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.0466
TP2: $2.926
🛑 Stop Loss (SL): $3.1200 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.0802, sustained high volume, RSI(6) falling further below 20, and the MACD deepening its bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
The strong bearish momentum and MACD trend advise caution. Traders should watch for a breakout above $3.2926 for a bullish signal or a breakdown below $3.0802 for further downside. Given the oversold conditions and volatile volume, employ cautious position sizing and tight stop losses to manage risk effectively.

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