🚀 $SUI Technical Analysis July 03, 2025: PRICE STANDS AT $2.8905 WITH BULLISH MOMENTUM 📈
📊 Market Insight
• Current Price: 2.8905 USDT
• Moving Averages (MAs) indicate a bullish trend.
• Volume has surged significantly (426.019M SUI), suggesting strong market activity and robust buying pressure.
• MACD shows a neutral to slightly bullish trend.
• RSI values are in the neutral territory.
📊 Important Levels to Watch
🔼 Resistance Levels:
2.9615
2.9772
3.0000
🔽 Support Levels:
2.7476
2.6485
2.6328
💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2.9615
☑️ Entry Point: $2.9700 (enter if price breaks above 2.9615 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2.9772
TP2: $3.0000
🛑 Stop Loss: $2.9500 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2.9615, an increase in volume, RSI(6) rising above 60, and MACD showing a bullish crossover with DIF rising above DEA.
🐻 Bearish Trade Setup: Reversal below $2.7476
☑️ Entry Point: $2.7400 (enter if price drops below 2.7476 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2.6485
TP2: $2.6328
🛑 Stop Loss (SL): $2.7600 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.7476, a decline in volume, RSI(6) dropping below 50, and the MACD showing a bearish trend with DIF falling below DEA.
📌 Suggestion to Open Positions Today:
The bullish price action, rising volume, and position above key moving averages suggest a potential upward movement. A breakout above $2.9615 could target $2.9772 or higher, while a reversal below $2.7476 might indicate a pullback toward $2.6485. Given the current bullish momentum and neutral RSI, a cautious bullish approach is favored, but wait for confirmation signals before entering trades. Tight stop losses are recommended due to market volatility.
