๐จ $SUI /USDT โ Oversold Flush or Prepping for a Reversal? ๐ปโก
$SUI has dipped -3.96%, now at $2.61, scraping support levels with RSI hitting extreme oversold. With a deep retrace from $2.78, is a rebound in sight?
๐ Market Overview
๐ Current Price: $2.6198
๐ 24h High: $2.7807
โ๏ธ 24h Low: $2.6131
๐ Parabolic SAR: ~$2.5858 (below price โ downtrend confirmed)
๐ MACD Momentum:
DIF & DEA: Bearish
MACD Histogram: Deep red โ Sellers in control
๐ RSI (6): 11.57 (Extreme oversold โ possible bounce brewing)
๐ Moving Averages (Trend Watch):
MA(7): 2.6751
MA(25): 2.7130
MA(99): 2.7929
๐ SUI Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If SUI Holds Above $2.60):
Entry: Above $2.63
Targets: $2.78, $2.94, $3.07
Stop-Loss: $2.55
๐น Bearish Scenario (If SUI Breaks Below $2.55):
Entry: Below $2.55
Targets: $2.46, $2.31, $2.18
Stop-Loss: $2.66
๐ Should You Hold or Exit?
โ RSI near 11 = Strong chance of short-term bounce
โ High sell volume could indicate final shakeout
โ ๏ธ Price under all major MAs = still a bearish trend
๐ก Pro Tip:
Look for a volume spike with a hammer candle near $2.60 to confirm a reversal. If support cracks, expect a flush below $2.50.
๐ข Tradersโare you buying this dip or waiting for a signal? Drop your thoughts ๐
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