SUI/USDT is showing signs of a reversal on the daily chart after hitting a high of 3.8700! Currently at 3.4185 (-5.97%), here’s the bearish play:
👉 Entry: Wait for a confirmed break below 3.3465 with a strong bearish candle (e.g., bearish engulfing).
👉Stop Loss: Set above 3.8700, around 3.9000, to manage risk.
👉Take Profit: First target at 3.0830, with a potential drop to 2.7694 if momentum continues. 👉 Confirmation: MACD histogram is narrowing (DIF: 0.3409, DEA: 0.2658), and a bearish crossover could confirm the move. Watch for declining volume on the breakdown. 👉Stay cautious—SUI has been in a strong uptrend (38.58% over 30 days), so confirmation is key! Risk no more than 1-2% of your account. Let’s see if this rejection holds!
QNT/USDT is showing a strong bullish setup on the daily chart! The price has broken above the recent high of 85.9 with a solid candle, signaling potential for an upward move. Currently at 84.3, here’s the play:
👉 Entry: Look for a pullback to the 81.4-84.3 zone (previous resistance turned support) and wait for a bullish confirmation candle (like a pin bar or engulfing pattern). 👉 Stop Loss: Set below 81.4, around 80, to manage risk. 👉 Take Profit: Targeting the next resistance at 109.4 for a solid reward. 👉Confirmation: MACD shows a bullish crossover (DIF: 2.8, DEA: 1.1), but RSI at 70.5 suggests overbought conditions—proce$ed with caution.
👉 Keep an eye on volume and price action for confirmation. Risk no mo$re than 1-2% of your account. Let’s see if QNT can push higher!