🚀 $SUI Technical Analysis June 04, 2025: PRICE STANDS AT $3.2872 WITH MIXED SIGNALS ⚖️

📊 Market Insight
• Current Price: 3.2872 USDT
• Moving Averages (MAs) indicate a mixed trend.
• Volume has decreased, suggesting reduced trading activity.
• MACD shows a bearish signal.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.3911
3.4344 (next significant resistance)
3.5000 (psychological resistance)
🔽 Support Levels:
3.2002 (psychological support)
3.1906
3.1500 (next significant support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.3911
☑️ Entry Point: $3.4000 (enter if price breaks above 3.3911 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.4344
TP2: $3.5000
🛑 Stop Loss: $3.3700 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.3911, an increase in volume, RSI(6) rising above 60, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $3.2002
☑️ Entry Point: $3.2 (enter if price breaks below 3.2002 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.1906
TP2: $3.1500
🛑 Stop Loss (SL): $3.2100 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below , $3.2002sustained high volume, RSI(6) falling below 40, and the MACD showing a continued bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
The price of $SUI at 3.2872 USDT presents a mixed outlook, with the price hovering near the MA(25) and a bearish MACD signal. The neutral RSI suggests no strong momentum, and the declining volume indicates caution. Traders should wait for a clear breakout above $3.3911 for a bullish setup or a breakdown below $3.2002 for a bearish move. Given the current market conditions, use tight stop losses and monitor volume closely to manage risk effectively.

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