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SUIUSDT trade ideas

Sui Price Surge Alert! 📈 - Your Path to Wealth Starts HereSui Coin: Short Fundamentals, Recent News, and Disclaimer Fundamentals: Sui Network (SUI): A Layer 1 blockchain under development, aiming for high transaction throughput and scalability. Founders: Mysten Labs, founded by former Meta (ex-Facebook) engineers. Focus: Decentralized applications (dApps) and Web3 development. Stage: Sui is currently in a testnet phase. No official launch date announced yet. Tokenomics: Details about the token's utility and distribution are still under development. Recent News: Feb 22, 2024: Mysten Labs announces a $300 million funding round for Sui Network. Feb 14, 2024: Sui releases update on their testnet incentive program. Jan 30, 2024: Sui unveils roadmap for upcoming testnet stages. Disclaimer: Early stage: Since Sui is in a testnet phase, it's a highly speculative investment. Limited functionality: The coin's utility and value proposition are not yet fully established. Not tradable yet: SUI tokens are not currently available for trading on cryptocurrency exchanges. Additional Notes: The recent funding round indicates strong investor interest in Sui's potential. The development team has a strong technical background. However, the cryptocurrency market is inherently volatile, and there's no guarantee of success for any new project. Recommendations: Stay informed about Sui's development progress by following their official channels. Consider waiting for the mainnet launch and more details about tokenomics before investing. If you do choose to invest, allocate a small portion of your portfolio due to the high-risk nature. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and carry significant risks. Do your own research before making any investment decisions.
Long
by MoonTradingForecast
Anticipating Explosive Growth for SUIUSDT🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs (HHs) and higher lows (HLs) pattern, strengthens our expectation for a substantial growth surge. 🔅Our upside target aligns with the 78.6% Fibonacci retracement level, correlating with a previously established supply area. Achieving this target could result in a robust 50% gain. We've already shared our comprehensive trade setup in our channel, positioning ourselves to capitalize on this potential opportunity.
Long
by CryptoPAMM
1
Crypto Heat Check: Anticipating a Cooling Off in the MarketThe crypto market's temperature seems to be rising, indicating a potential need for a healthy relief bounce. While the altseason may not have concluded, it's prudent to brace ourselves for a corrective move downward. Taking a closer look at the SUIUSDT example, we can witness the market's respect for the supply area. Particularly noteworthy is today's occurrence—a clean bounce off the 61.8% Fibonacci resistance level, signaling a palpable downward pressure. This could potentially translate into a 15-20% price drop. Don't get overexcited and be ready for any scenarios!
Short
by CryptoPAMM
4
SUIUSDT Swift Recovery and Downtrend BreakUpon observing SUIUSDT's medium-term price action, a discernible supply/demand zone materializes in the vicinity of $1.44. While there was an initial attempt to breach this zone, the descent halted in proximity to the 88.6% Fibonacci support. Subsequently, SUI swiftly rebounded, reclaiming its position above the demand area. The most recent price movements underscore a significant development—the breakthrough above the downtrend trendline. This could potentially signify a persistent bullish pressure. Our expectation is for SUIUSDT to sustain its upward move, aiming for the nearest key resistance, characterized by a double Fibonacci level. It's essential to note that only a decisive break below the demand area would cast doubt on this bullish scenario, prompting a reevaluation of the prevailing market dynamics.
Long
by CryptoPAMM
SUI/USDT SHORT Signal – Catch The Trend Reversal!We're spotlighting a SHORT opportunity for SUI/USDT. Trading Signal Entries: 1.854 USDT & 1.955 USDT (Market Orders) Stop Loss: 2.072 USDT to safeguard your trade Profit Targets Target 1: 1.762 USDT, adjust to breakeven Target 2: 1.671 USDT Target 3: 1.51 USDT Helpful Tips Save Money: Use limit orders instead of market orders for lower fees. Stick To Your Plan: This is key for making progressive gains! Control Your Risk: Your stop-loss order protects you against unforseen market reversals. We aim to provide high-quality signals that guide you to success. Happy trading! Please make sure to Boost this idea & follow this account if you want to see more of this content. We appreciate it!
Short
by Swiss_Signals
End or Reborn? -SUISUI outperformed most tokens on the market in January 2024. With the high reward of LP on Cetus and the points competition between Scallop Lend and NAVI Protocol, a large amount of funds poured into SUI Network. However, after the points competitions ended, the TVL on SUI began to gradually decrease. Price gradually decrease. Today we use indicators to see whether the rise of SUI is over or restart. From the TSB indicator, we can clearly see that before the main rise, the TSB indicator prompted a BUY signal, and the SUI rose again after touching the blue and red wavy areas many times during the callback process. Two days ago, the bears strengthened again, the price hit the bottom of the red zone, the TSB indicator became valid again, the bulls strengthened, and the price rebounded. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
🌟 SUI: Potential Shift in Structure! 📈💹📊 Analysis: Interesting Level: SUI is at an interesting level, flipping its range high into support. Short-Term Downtrend: A potential break from the short-term downtrend is anticipated. Higher Low Formation: Aiming for a higher low formation after breaking previous highs at $1.70. Entry Range: Consider laddering into a spot long between $1.4 and $1.7. Take Profit Levels: Potential profits at $2 or $2.82. Stop Loss: Set a stop loss under $1.34. 🌐 Note: Monitor SUI's price movement and adjust your strategy based on market conditions.
Long
by Richtv_official
SUI/USDT Indicating Bounce and Back to upward tested on ATH!💎 SUI has recently showcased noteworthy market dynamics, encountering rejection at the resistance all-time high (ATH) level, resulting in a downward movement towards the demand area. 💎 Currently, SUI is exhibiting signs of a potential bounce from the demand area, indicating a possible upward trajectory. If this bounce proves valid, SUI may resume its upward movement and revisit the resistance ATH. 💎 However, if SUI breaks below the demand area, it could signify a bearish trend continuation, leading to further downward movement towards the support area around 0.98. 💎 The support area holds significant importance, as a bounce from this level is crucial for SUI's potential continuation of the upward movement. 💎 Failure to bounce and a subsequent breakdown below the support would further strengthen the bearish momentum, potentially resulting in continued downward movement for SUI.
by MyCryptoParadise