🚀 $SUI Technical Analysis June 09, 2025: PRICE STANDS AT $3.2013 WITH NEUTRAL MOMENTUM ⚠️
📊 Market Insight
• Current Price: 3.2013 USDT
• Moving Averages (MAs) show a mixed trend.
• Volume has remained steady, indicating moderate market activity.
• MACD is nearly neutral.
• RSI values are in neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
3.2440 (recent high)
3.2822 (24-hour high)
3.3131 (next psychological resistance)
🔽 Support Levels:
3.1702 (significant support from prior drop)
3.0961 (recent low)
3.0000 (psychological support)
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.2440
☑️ Entry Point: $3.2500 (enter if price breaks above 3.2440 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.2822
TP2: $3.3131
🛑 Stop Loss: $3.2300 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.2440, an increase in volume, RSI(6) rising above 70, and a MACD bullish crossover with DIF moving above DEA.
🐻 Bearish Trade Setup: Breakdown below $3.1702
☑️ Entry Point: $3.1700 (enter if price breaks below 3.1702 with bearish momentum confirmation)
🎯 Price Target
TP1: $3.0961
TP2: $3.0000
🛑 Stop Loss (SL): $3.1900 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.1702, sustained high volume, RSI(6) falling below 30 (into oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.
📌 Suggestion to Open Positions Today:
$SUI appears to be in a consolidation phase with no clear directional bias. The proximity to the $3.2440 resistance level suggests a potential breakout if supported by increased volume and a strong candle close, while the $3.0961 support level could hold if bearish pressure increases. Traders should wait for a clear breakout above $3.2440 for a bullish setup or a breakdown below $3.0961 for a bearish move. Use tight stop losses to manage the current volatility.
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