$SUI
Based on the 1-hour chart of SUI/USDT trading setup:
š Market Summary:
Current Price: $3.2965
24h Change: +3.40%
24h High / Low: $3.3050 / $3.1814
Volume (24h):
SUI: 24.78M
USDT: 80.13M
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š Technical Indicators:
MA(7): 3.2318 (Yellow) ā price is currently above this
MA(25): 3.2291 (Pink) ā price is above this
MA(99): 3.1791 (Purple) ā long-term support level
Recent bullish momentum shows price bounced strongly from the 3.1790 low, breaking past short and medium-term moving averages.
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š§ Analysis:
Trend: Strong short-term uptrend (bullish engulfing candles)
Volume Spike: Recent large green candle accompanied by high volume, confirming strong buying pressure
Resistance Zone: $3.30ā$3.31 (24h high zone and psychological barrier)
Support Zone: $3.22 (MA convergence), stronger at $3.18ā$3.1790
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š Professional Trading Setup:
ā Long Entry Setup:
Buy Entry: On retest of $3.25ā$3.26
Stop Loss: Below $3.18 (beneath 99 MA and recent swing low)
Take Profit:
TP1: $3.30 (recent high)
TP2: $3.35 (next resistance zone)
TP3: $3.45 (extension if breakout confirms)
š« Avoid Buying If:
Price closes below $3.18 on strong volume (trend invalidation)
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š Risk Management Tip:
Risk only 1ā2% of your capital. This setup has a favorable risk-reward ratio around 2:1 to 3:1 depending on your exit level.
