The current crossover indicates the beginning of an attempt to rebound after a decline, as the price has crossed above EMA(7) and approached EMA(25), indicating an upward attempt.
2. Stochastic KDJ Indicator:
K = 60.13, D = 57.58, J = 65.22
These values indicate a neutral zone, with a slight tendency to buy without clear overbought conditions.
3. MACD Indicator:
MACD is close to a positive crossover with the fast line moving above the slow line, enhancing the likelihood of a short upward wave.
4. Relative Strength Index RSI = 58.01 Indicates moderate upward momentum, not in the overbought zone, allowing room for upward movement. 5. Volume: There is a noticeable increase in trading volume in the area where the price touched the low of 3.2711, indicating strong buying in that area. Proposed Scalping Plan: Entry Point (Buy Entry): 3.43 – 3.44$ (if it holds above EMA 7 and a strong bullish candle appears)
First Target: 3.47$
Second Target: 3.50$
Stop Loss: 3.41$ or below the low of 3.40$ according to risk strategy
Note:
The trade relies on exploiting the current positive momentum but within a short time frame (15 minutes).
It is preferable to monitor the next candle to confirm the continuation of the upward trend. In the event of a strong bearish candle, exit the trade immediately.
$SUI 📊According to the indicators, it is still positive for the price with weak buying momentum and a correction period, but it won't last long because there is hidden incoming liquidity, just waiting for confirmations from support areas and larger trading volume only❗This is just my opinion and prediction only❗