🚀 $SUI Technical Analysis June 02, 2025: PRICE STABILIZES AT $3.2948 LEVEL, NEUTRAL SIGNALS AMID LOW VOLATILITY ⚠️

📊 Market Insight
• Current Price: 3.2948 USDT
• Moving Averages (MAs) show a neutral trend.
• Volume has decreased significantly to 1.26M/1.29M (Layer 1/Layer 2), suggesting a lack of strong directional momentum.
• MACD is near neutral.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.3649 (recent 24h high)
3.5298 (recent high on the chart)
3.7857 (next significant resistance)
🔽 Support Levels:
3.1877 (recent 24h low)
3.0530 (recent low on the chart)
3.0181 (previous significant low)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.3649
☑️ Entry Point: $3.3700 (enter if price breaks above 3.3649 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.5298
TP2: $3.7857
🛑 Stop Loss: $3.3400 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.3649, an increase in volume, RSI(6) rising above 50, and a MACD bullish crossover with DIF moving further above DEA.

🐻 Bearish Trade Setup: Breakdown below $3.1877
☑️ Entry Point: $3.1800 (enter if price breaks below 3.1877 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.0530
TP2: $3.0181
🛑 Stop Loss (SL): $3.2100 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.1877, sustained high volume, RSI(6) falling below 40, and the MACD showing a bearish trend with DIF dropping below DEA.

📌 Suggestion to Open Positions Today:
Traders should exercise caution as $SUI consolidates at $3.2948 with neutral signals and low volume. Wait for a clear breakout above $3.3649 for a bullish setup or a breakdown below $3.1877 for a bearish move. Given the lack of strong momentum, use tight stop losses and monitor volume trends closely to confirm directional moves.

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