100 percent wrong uptrend is super big FVG gap is fine at this time, that too is impossible, this week has strong moments to go up
crypto Blackout
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$SUI The BINANCE:SUIUSDT pair has transitioned from accumulation to a bullish distribution phase, exhibiting a strong character change and steady price movement. Anticipate a short-term correction to address the gap left behind. While bullish trends can often continue without retracement, monitoring price momentum is key for trading decisions. We've identified three targets based on market sentimentâthese arenât buy/sell confirmations but reflect our traders' analysis. Good luck and trade safely! đ For support: Like, Comment, Share our ideas.
RSI(60) = 66.77 (All near 70 â approaching overbought territory.)
MACD (Moving Average Convergence Divergence):
MACD: -0.0306 (still slightly negative but improving)
DIF and DEA lines are close â possible bullish crossover forming.
Bollinger Bands:
Upper Band (UP): 3.8289
Middle Band (MB): 3.4912
Lower Band (DN): 3.1536
Price is near the upper band, showing strong momentum, but also suggesting possible pullback soon.
Key Resistance Levels:
$3.655 (just crossed)
$3.869 (major resistance â top of Bollinger Band)
Key Support Levels:
$3.355 (short-term support)
$3.231 (stronger support)
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My Profit Strategy Suggestion:
If youâre already holding SUI:
Set a first target near $3.85â$3.87.
Set a stop loss just under $3.35 (to protect your profit).
If you want to enter now:
It's a bit risky because RSI is close to overbought.
Safer strategy: wait for a slight dip near $3.50â$3.55 and then enter.
Target the $3.85 area again for short-term profit.
Important Tip: If SUI breaks and closes above $3.87 with strong volume, next move could take it towards $4.00â$4.10 zone.
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Summary:
Trend: Bullish but slightly overheated.
Ideal Action: Take partial profit soon; tighten stop-loss.
Risk: Medium-High (RSI nearing 70).
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Great! Letâs break down the chart of SUI/USDT from Binance and analyze it step by step for patterns, indicators, and potential strategies to make profit.
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1. Current Overview
Current Price: $3.6701
24h Change: +10.62% (strong bullish move)
Recent High: $3.7397
Volume: Rising with green candles (bullish confirmation)
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2. Trend Analysis
Uptrend: The price is moving above the 7 EMA, 21 EMA, and 50 EMA, which confirms a strong uptrend.
Great! Let's break down and analyze the SUI/USDT chart from Binance that you shared to identify chart patterns, technical indicators, and trading opportunities to help you make informed decisions for potential profit.
1. Price Action & Candlestick Pattern
Current Price: $3.0427 (slightly bullish at +0.85%) Recent High: $3.0786 Support Zone: Around $2.86 and lower at $2.18 Resistance Zone: Around $3.08 and $3.13
Thereâs a strong bullish momentum, evident from the steep upward price movement. H
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