Technical Analysis (SUI/USDT - 4H)
Structure and Trend: The price recently recorded a local high at 1,2947 and is currently trading at 1,1224 (-5,74% in 24h). A sequence of lower highs can be seen after buying momentum faded.
Moving Averages: The price is trading below the MA(7) at 1,1451 and the MA(25) at 1,1873, confirming immediate selling pressure. In addition, the MA(99) at 1,1356 is being tested directly, acting as dynamic support that the price is attempting to break downward.
Volume: Buying volume has fallen substantially compared with the bullish momentum recorded between September 15 and 27.
Trading Recommendation:
Wait for confirmation lower down: Buying at the market price means entering just as the candle breaks below the MA(99.
It is preferable to wait for a retest of the support zone between 1,0500 and 0,9630, watching for a reversal pattern to appear (hammer candles, bullish divergences, or a return of buying volume).
If you’re looking for a safer entry: Wait for the price to recover the MA(25) decisively (above 1,1880) with volume to confirm continued bullish momentum toward 1,2947.
$SUI Risk Management: Always place a tight Stop Loss below the last significant low if you decide to look for an entry on a support bounce.
#BinanceLaunchesBinanceIntelligence
#FedMinutesFocusOnOctoberPause
#SUI🔥
Structure and Trend: The price recently recorded a local high at 1,2947 and is currently trading at 1,1224 (-5,74% in 24h). A sequence of lower highs can be seen after buying momentum faded.
Moving Averages: The price is trading below the MA(7) at 1,1451 and the MA(25) at 1,1873, confirming immediate selling pressure. In addition, the MA(99) at 1,1356 is being tested directly, acting as dynamic support that the price is attempting to break downward.
Volume: Buying volume has fallen substantially compared with the bullish momentum recorded between September 15 and 27.
Trading Recommendation:
Wait for confirmation lower down: Buying at the market price means entering just as the candle breaks below the MA(99.
It is preferable to wait for a retest of the support zone between 1,0500 and 0,9630, watching for a reversal pattern to appear (hammer candles, bullish divergences, or a return of buying volume).
If you’re looking for a safer entry: Wait for the price to recover the MA(25) decisively (above 1,1880) with volume to confirm continued bullish momentum toward 1,2947.
$SUI Risk Management: Always place a tight Stop Loss below the last significant low if you decide to look for an entry on a support bounce.
#BinanceLaunchesBinanceIntelligence
#FedMinutesFocusOnOctoberPause
#SUI🔥