$SUI
๐จ SUI /USDT on the edge of the abyss! Breakout or collapse? ๐
๐ Current trend: Strong downward momentum with a 7.15% decline; the price is close to the support area.
๐ Relative Strength Index (6): At 22.5 - High oversold, indicating a potential short-term rebound.
๐ Support level: $3.65 - If breached, the price may drop further to $3.30.
๐ผ Resistance level: $3.88 and strong resistance at $4.24.
๐ Breakout probability: Only above $3.88 with high trading volume; otherwise, the trend will remain bearish.
โ ๏ธ Risk: High - The Relative Strength Index indicates exhaustion, but a collapse is possible if trading volume continues to decline.
โณ Trading idea: Wait for confirmation of a bullish candle above $3.88.
๐ Stop loss: Below $3.60 when entering early.
โ Summary: High risk at the moment - Monitor the market closely before entering.