🚀 $SUI Technical Analysis June 03, 2025: PRICE BREAKS ABOVE $3.3602 WITH BULLISH MOMENTUM 🌱

📊 Market Insight
• Current Price: 3.3602 USDT
• Moving Averages (MAs) indicate a bullish trend
• Volume has decreased slightly, suggesting a potential consolidation after recent buying activity.
• MACD shows a slight bullish signal.
• RSI values are in neutral to slightly overbought territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.3911 (recent 24h high)
3.5535 (next significant resistance on the chart)
3.6000 (psychological resistance)
🔽 Support Levels:
3.2850 (recent intraday low)
3.2085 (previous significant support)
3.0530 (next major support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.3911
☑️ Entry Point: $3.3950 (enter if price breaks above 3.3911 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.5535
TP2: $3.6000
🛑 Stop Loss: $3.3500 (below the recent support to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.3911, an increase in volume, RSI(6) rising above 70, and a MACD bullish crossover with DIF moving further above DEA.

🐻 Bearish Trade Setup: Breakdown below $3.2850
☑️ Entry Point: $3.2800 (enter if price breaks below 3.2850 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.2085
TP2: $3.0530
🛑 Stop Loss (SL): $3.3200 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.2850, sustained high volume, RSI(6) falling below 50, and the MACD showing a bearish trend with DIF dropping below DEA.

📌 Suggestion to Open Positions Today:

Traders should consider entering a bullish position if the price breaks above $3.3911 with confirmation, but remain cautious due to slightly reduced volume and RSI nearing overbought levels. For a bearish setup, wait for a clear breakdown below $3.2850. Use tight stop losses and monitor volume and RSI trends for momentum confirmation.

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