Scalping & Mid-Term Analysis for Sui
Market Overview:
Trend: SUI is in a corrective phase after a major rally but holding key support levels.
Key Levels:
Resistance: ~$3.52 - $3.60
Support: ~$3.34 - $3.40 (weak), ~$3.05 (stronger)
Indicators:
MACD: Bearish crossover, momentum is fading.
RSI: Near 40, indicating oversold conditions but no clear reversal yet.
EMA: SUI is testing the 200 EMA, which is acting as support.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Current Setup)
Why? SUI is consolidating near support but facing strong resistance at $3.52.
How?
Buy near $3.34, targeting a scalp to $3.50 - $3.55.
Sell near $3.52 - $3.60, where resistance is strong.
Stop-loss below $3.30, as a breakdown could trigger further downside.
🩸 2. Breakout Scalping (If Volatility Increases)
Trigger: A breakout above $3.60 or breakdown below $3.34.
Execution:
If SUI breaks $3.60, scalp long targeting $3.80 - $4.00.
If SUI drops below $3.34, scalp short to $3.05 - $3.00.
🩸 3. EMA Scalping
Why? SUI is trading near the 200 EMA, which could act as support.
Execution:
Buy on EMA retest (~$3.34 - $3.40) if it holds.
Sell near $3.52 if rejected by resistance.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Neutral → Slightly Bearish
Why?
SUI is holding above support, but momentum remains weak.
Failure to break above $3.60 could lead to further downside correction.
If SUI loses $3.34, expect a move to $3.05 - $3.00 before any bounce.
A confirmed breakout above $3.60 will target $3.80 - $4.00.
🔥 News & Market Context:
SUI’s market sentiment remains mixed, requiring a strong catalyst for upside continuation.
Whales may accumulate near support, but without a breakout, upside is limited.
Monitor Bitcoin’s movement, as SUI will likely follow overall market sentiment.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping the range is ideal, with buys near $3.34 and sells near $3.52.
🩸 Mid-term: Neutral unless SUI breaks $3.60—if it fails, expect a move to $3.05.
🩸 Ideal Play: Scalp long near support, but watch for rejection at resistance before taking larger positions.
👑 Final Verdict:
SUI is holding above support, but struggling at $3.52 resistance. If bulls can break it, expect $3.80 - $4.00 next. Otherwise, a dip to $3.05 is likely before the next leg up. 🔥
Trend: SUI is in a corrective phase after a major rally but holding key support levels.
Key Levels:
Resistance: ~$3.52 - $3.60
Support: ~$3.34 - $3.40 (weak), ~$3.05 (stronger)
Indicators:
MACD: Bearish crossover, momentum is fading.
RSI: Near 40, indicating oversold conditions but no clear reversal yet.
EMA: SUI is testing the 200 EMA, which is acting as support.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Current Setup)
Why? SUI is consolidating near support but facing strong resistance at $3.52.
How?
Buy near $3.34, targeting a scalp to $3.50 - $3.55.
Sell near $3.52 - $3.60, where resistance is strong.
Stop-loss below $3.30, as a breakdown could trigger further downside.
🩸 2. Breakout Scalping (If Volatility Increases)
Trigger: A breakout above $3.60 or breakdown below $3.34.
Execution:
If SUI breaks $3.60, scalp long targeting $3.80 - $4.00.
If SUI drops below $3.34, scalp short to $3.05 - $3.00.
🩸 3. EMA Scalping
Why? SUI is trading near the 200 EMA, which could act as support.
Execution:
Buy on EMA retest (~$3.34 - $3.40) if it holds.
Sell near $3.52 if rejected by resistance.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Neutral → Slightly Bearish
Why?
SUI is holding above support, but momentum remains weak.
Failure to break above $3.60 could lead to further downside correction.
If SUI loses $3.34, expect a move to $3.05 - $3.00 before any bounce.
A confirmed breakout above $3.60 will target $3.80 - $4.00.
🔥 News & Market Context:
SUI’s market sentiment remains mixed, requiring a strong catalyst for upside continuation.
Whales may accumulate near support, but without a breakout, upside is limited.
Monitor Bitcoin’s movement, as SUI will likely follow overall market sentiment.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping the range is ideal, with buys near $3.34 and sells near $3.52.
🩸 Mid-term: Neutral unless SUI breaks $3.60—if it fails, expect a move to $3.05.
🩸 Ideal Play: Scalp long near support, but watch for rejection at resistance before taking larger positions.
👑 Final Verdict:
SUI is holding above support, but struggling at $3.52 resistance. If bulls can break it, expect $3.80 - $4.00 next. Otherwise, a dip to $3.05 is likely before the next leg up. 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.