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SUI/USDT

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SUIUSDT.PS trade ideas

SUIUSDT Critical Levels to Watch as Price Tests Supply!Yello, Paradisers! Are we on the verge of a major move for #SUIUSDT? Let's dive into the key levels and potential scenarios to watch out for. 💎The price recently bounced off a strong demand area, closing with a green daily candle, signaling a possible reversal. Currently, #SUI is testing the supply area around $0.76 but is facing rejection. This suggests that the price may revisit the support level at $0.697 to build momentum for another attempt to break through the supply area. 💎If a successful breakout of the supply area occurs, this could create a strong bullish momentum, pushing the price towards the next resistance zone between $0.89 and $0.92. A decisive break above this resistance could solidify the bullish trend and align with our target area. 💎However, if SUI fails to hold at the support level and breaks down, the price is likely to revisit the strong demand zone between $0.61 and $0.559. This area is crucial for maintaining bullish prospects. 💎A bounce from this demand zone is essential; failure to do so and a subsequent break below this level would invalidate the bullish outlook, increasing the probability of a further downward move. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
SUI presents a great trading opportunity.#SUI/USDT #Analysis Description --------------------------------------------------------------- + SUI has broken out and is heading towards a strong bullish trend. + This presents a great opportunity for a long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.0954 Stop Loss: 0.7924 ------------------------------ Target 1: 1.1960 Target 2: 1.3515 Target 3: 1.4726 Target 4: 1.7001 Target 5: 2.2037 ------------------------------ Timeframe:1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SUIUSDT.1DAs of today, the SUI/USDT pair presents an intriguing landscape in the crypto market. On the daily timeframe, we've observed a significant downtrend that has been in play since the peak in early May. The current price stands at $0.899, reflecting a recent decline indicated by the red candles dominating the chart. Key Support and Resistance Levels: Resistance 1 (R1): $1.0031 - This level previously acted as support during early June but has since transformed into a resistance zone. Resistance 2 (R2): $1.1984 - A critical high point that was last tested in late April and remains a significant upper barrier. Support 1 (S1): $0.7641 - The current chart displays this as a pivotal support level that could dictate short-term movements. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) is trending below the signal line, illustrating bearish momentum. The negative histogram values further validate this sentiment. RSI: The Relative Strength Index (RSI) sits around 39, indicating a bearish momentum but not yet in the oversold territory, suggesting that there could still be room for downward movement. Analysis Conclusion: Given the prevailing market conditions, where bearish signals dominate both from price action and technical indicators, I am inclined to maintain a cautious stance. While the current support at $0.7641 may offer temporary relief, the resistance at $1.0031 and $1.1984 poses significant hurdles for any bullish recovery. Investors and traders should monitor these levels closely. A breach below the current support could lead to further declines, whereas a push above the first resistance might signal a potential shift in momentum. Always consider market news and broader economic factors that could influence price actions significantly.
Long
by MarsSignals
SUIUSDT.1DIn this technical analysis of the SUI/USDT daily chart, I'll examine the latest price movements and key technical indicators to forecast potential future trends. Key Observations: Current Price and Movement: SUI/USDT is currently trading at $0.8989, showing a decline of 2.30% for the day. This suggests some bearish pressure in the recent trading session. Support and Resistance Levels: R1 (Resistance Level 1): $1.0031 - This level represents a near-term barrier that SUI needs to surpass to signal a stronger bullish momentum. R2 (Resistance Level 2): $1.1984 - A higher resistance level that could come into play if a significant uptrend develops. S1 (Support Level 1): $0.7641 - Marked as the immediate support, a crucial level to watch if the current price continues to decline. Technical Indicators: MACD (Moving Average Convergence Divergence): Currently, the MACD line is below the signal line, suggesting bearish momentum. The separation between the lines indicates that the bearish trend may still be strong. RSI (Relative Strength Index): At 39.76, the RSI is approaching oversold territory, which might indicate that SUI is becoming undervalued and could potentially see a reversal or stabilization soon. Analysis and Conclusion: The current trading dynamics for SUI/USDT indicate a bearish trend with the price nearing the support at $0.7641. The key to future price movements will be whether this support can hold. Should it fail, it may signal further declines and potentially test lower levels not marked on the chart. Conversely, if the support at $0.7641 holds strong, it could serve as a foundation for a potential rebound. Traders should watch for a reversal pattern or bullish signals from MACD and RSI as indicators of a possible shift in momentum. If a reversal occurs, SUI could attempt to break above the resistance at $1.0031, targeting the higher resistance at $1.1984. Given the RSI's approach to oversold conditions, there could be an opportunity for buyers to step in soon, particularly if other market or external factors support a bullish sentiment. However, the prevailing bearish MACD suggests that caution is warranted. In summary, traders should monitor SUI/USDT closely at the $0.7641 support level for signs of stability or a further breakdown. The interplay between the current bearish MACD and nearing oversold RSI conditions could provide interesting trade setups. As always, employing proper risk management strategies is crucial in navigating the potential volatility.
by MarsSignals
$SUI/USDT - Breakout June/July 24NYSE:SUI seems to be on the bull div on HTF, it is going to ping the 50day EMA soon and if it successfully breaks-out of that neckline it will go all the way. Keep a close eye on that .382 level this is the main resistance zone where it needs to push hard to make its way into the bull cycle! Beware, use caution and make your entries on super low lev here until BTC has finally settled and bounced off of a strong support line which is in my hypothesis 62.5 - 59 anywhere between those lines. Can happen real soon. July should give us good green market. Green trading ya'll
Long
by TheRevengeMaddy
2
Sui targets. Long Local Daily targets for BINANCE:SUIUSDT Possible Targets and explanation idea ➡️Global IAP model we came in to 0.38 fib level for retest! ➡️Lowest zone is 0.5 marked flag ➡️Leave liquidity! Already swept! Waiting 3rd the same signal to buy by Trade On indicator ➡️Waiting test and reaction from D order block ➡️Waiting money inflow on MP indicator (blue columns) ➡️Target will be 27 block for take profit Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
4
M Pattern watch for Short/Long at the retest of the Neckline.M pattern, at the bottom of a bearish trend, tends to signal a continuation of a bearish trend. IN line with BTC's M pattern on the smaller time frame and the potential of M pattern on the weekly for BTC I make this. I think it will be a rejection from the neckline but we have to watch for confirmations. If it is rejected from the M neckline we should also watch for a higher low around the pink trend line which would signify a return to the upside. I hope this helps you see what we're going against. Some good options here. Depending on how BTC reacts around its necklines, it could be bearish or bullish. I'm still learning but this is something I see, please don't follow it, is just for me to get feedback from those that are better. My last idea actually missed a key area and my shape was invalid because of wicks, so just bare that in mind, i am a very basic trader
Short
by Grey_SB
4
SUI to $1.08I'm feeling very bullish with NYSE:SUI in its current state. Looking at the hourly TF, I noticed that the last pump from the support area of 0.9310 was 31 days ago. The pump prior to that from the same price point also happened exactly 31 days before the last pump. My thesis, is that this will repeat the same swing back up to that $1.10 level. I've set my take profit 1.53% below the fib level of 38.2. My entry was at 0.92930 TP: 1.08 SL: 0.9045 Take this trade at your own risk & always remember to do your own due diligence. Good luck to both bulls&bears. Let me know your thoughts down below.
Long
by kaiatait