š $SUI /USDT Trading Signal ā Eyeing Key Breakout
Current Price: $4.9051 (+0.23%)
Sui ($SUI ) is recovering from its 24H Low of $4.6774 after retracing from the 24H High of $5.1396. With price consolidating near its EMA levels, a breakout in either direction could set the next trend.
š Short Entry Signal:
If the price drops below $4.8500, a short trade could capitalize on further downside.
Entry Range: $4.8200 - $4.8500
Target 1: $4.7800
Target 2: $4.7200
Stop Loss: $4.9100
š Long Entry Signal:
If the price sustains above $4.9500, bullish momentum may continue.
Entry Range: $4.9500 - $4.9800
Target 1: $5.0200
Target 2: $5.0800
Stop Loss: $4.8800
š Market Observations:
$SUI is trading close to its EMAs (EMA(7): $4.8771, EMA(25): $4.8646, EMA(99): $4.8113), indicating indecision.
Resistance at $4.9500 and support at $4.8500 are crucial levels to watch.
A breakout above $5.0200 could push prices toward previous highs.
Use tight stop losses due to the possibility of increased volatility at these levels. Wait for confirmation of breakout or breakdown before entering trades.
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