🚀 $SUI Technical Analysis June 19, 2025: PRICE STANDS AT $2.8327 WITH BEARISH MOMENTUM 📉

📊 Market Insight
• Current Price: 2.8327 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has increased to 360,083.4, suggesting heightened market activity, but the recent price decline reflects stronger selling pressure compared to buying interest.
• MACD shows a bearish trend.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2.9181 (24h high)
2.9493 (MA(99))
3.1589 (recent high)
🔽 Support Levels:
2.6800 (recent low)
2.6600 (next significant support)
2.5650 (deeper support level)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2.9181
☑️ Entry Point: $2.9250 (enter if price breaks above 2.9181 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2.9493
TP2: $3.1589
🛑 Stop Loss: $2.9100 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2.9181, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.

🐻 Bearish Trade Setup: Breakdown below $2.6800
☑️ Entry Point: $2.6750 (enter if price breaks below 2.6800 with bearish momentum confirmation)
🎯 Price Target
TP1: $2.6600
TP2: $2.5650
🛑 Stop Loss (SL): $2.6850 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.6800, a decline in volume, RSI(6) dropping below 30, and the MACD continuing to show a bearish trend with DIF falling further below DEA.

📌 Suggestion to Open Positions Today:
A bearish setup seems more probable given the current price drop below key MAs and the bearish MACD signal, particularly if the price breaks below $2.6800 with confirmation. For bullish traders, a recovery above $2.9181 could indicate a potential reversal, but the current momentum and neutral RSI suggest caution. Given the volatility observed in the recent price action, employing tight stop losses is advisable to mitigate risk.

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