bullish chanellThe price will move towards the top of the channel in the range of 2.3 with a consolidation above the midline
SUIUSDT trade ideas
Buy Trade Strategy for SUI: Harnessing Fundamental Potential**Descrizione**:
This trading idea explores the buy potential of the cryptocurrency SUI, which is gaining attention due to its innovative approach to decentralized applications (dApps) and smart contract functionality. SUI is designed to offer scalability, low transaction costs, and a secure environment for developers building on its platform. With a strong team of developers and increasing adoption within its ecosystem, SUI is positioned as a potential long-term player in the blockchain space.
That said, the cryptocurrency market is inherently unpredictable, and SUI, like other digital assets, is subject to external factors such as market sentiment, regulatory changes, and technological competition. Engaging with SUI in the market should be done with caution and careful consideration of the potential risks involved.
**Disclaimer**:
This trading idea is intended for educational purposes and does not constitute financial advice. Cryptocurrency investments, including SUI, involve significant risk, and you could lose all of your invested capital. It is crucial to conduct your own research and consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future outcomes, and the cryptocurrency market is highly volatile.
Phemex Analysis #27: SUI _ Will It Continue Soar or Sink?After its initial surge, PHEMEX:SUIUSDT.P has been locked in a battle with resistance. Breaking through one hurdle after another, it has now found itself staring at the formidable wall of its all-time high, $2.18. A recent retracement has brought it back to $1.88, leaving investors pondering its next move.
The Road Ahead: A Tale of Three Scenarios
Breaking Free : The most optimistic scenario would see SUI shatter the $2.18 resistance with a surge of volume. This could propel it to even higher heights, igniting a new wave of bullish sentiment.
A Bearish Turn : However, the market has shown signs of weakness. A second one-day high accompanied by a RSI divergence suggests that a bearish reversal might be brewing. If SUI falls below the $1.60 support level with significant volume, a downward spiral could ensue.
The Waiting Game : A more likely scenario is a period of consolidation. SUI might hold the $1.70 support level while investors patiently await a clear breakout signal. Impatience can be a trader's enemy in such situations.
The Path Forward
As SUI navigates this critical juncture, patience and careful analysis are key. While the potential for further gains is undeniable, the risk of a reversal cannot be ignored. Traders must weigh the potential rewards against the risks and make informed decisions.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
SUIUSDT to short making reversal patternAs per my Analysis SUIUSDT has making a Double top pattern and what I can see is that it can make the bearish move to 1.6
My point of View For SUIDear Follower
I got a multi request to analyze SUI
I see SUI most likely will hit $5.5 easily
I recommend liquidate 50% of your fund at that price then start use a trilling stop under each last new bottom for the rest of the fund
Good luck every one
[SUIUSDT] - Bullish isn't over yet!BINANCE:SUIUSDT Started it's correction after a 350% profit from it's bottom in 24 august.
take care if u are going to open shorts... u must understand that the decline doesn't happen vertically.
it can bounce back from here and test the top again at 2.16 to liquidation all short positions then return to complete its correction
i expect a correction to 1.5$( will happen through 2 weeks) then comes back to 5$
BEST Regards Ceciliones🎯
Sui (SUI): how close is a new ATH?Sui (SUI) price has recently experienced a notable rise in market value, standing out even as the broader cryptocurrency market struggles. Over the past week, SUI has defied the downturn, continuing its upward momentum after being one of the top-performing large-cap cryptocurrencies in September.
The token saw a remarkable 100% increase last month, and the rally carried over into October, with SUI coming close to setting a new all-time high on October 7. In addition, SUI drew more attention after surpassing Solana in daily transaction volume, further solidifying its growing presence in the market.
After a market surge over the past few days, the SUI price has experienced a notable drop, slipping by 5.90% to $1.94 at press time. The digital asset, which recently hit a 24-hour low of $1.94 and a high of $2.13, has seen some fluctuations, reflecting a volatile trading day. The Sui price hit an all-time high of $2.18 on March 27, 2024, marking a 10.5% decrease from its peak.
The Sui price is facing resistance around the $2 mark. However, improving market conditions might support a push towards this level soon. If the coin reaches $2.18, it would mark a significant increase of nearly 10% from its current value.
Such a move could bring the cryptocurrency closer to its all-time high (ATH), potentially sparking renewed investor interest.
The current Chaikin Money Flow (CMF) value is 0.01, indicating a neutral market sentiment. It recently showed a bullish trend before flattening out.
While the Sui price has pulled back slightly from its recent highs, the continued growth in transactions and DeFi activity suggests the potential for further gains. With resistance near $2 and increasing interest from key platforms, Sui remains a token to watch, especially if it makes another push toward its all-time high.
SUI - too late for long. Wait for new patternSUI - too late for long. Wait for new pattern
During up trend - best area for long is at VAL or POC
at this moment coin pumped 33% - wait for new opportunity for lONG
SUIUSDT 1 DAY CHARTSUI seems to be eager to make a new ALL TIME HIGH so shorting this coin at the current levels would not be very wise
I advise you not to trade against the trend of hyped coins because market makers could easily push your trades out & liquidate you
Use this insight to guide your way for longer term investments
SUI: Looks Good For A Mild WaveThe market moves in waves... Here we have a double-top. SUIUSDT.
Notice the trading volume as SUIUSDT peaked yesterday. Notice how clearly the green bars are smaller than the red bars. Notice how the highest green bar happened mid-August and then volume stats to drop. As the peak of the wave hits, bear volume increases.
We are likely looking at the end of this bullish wave. I'll be honest with you, I shared a short for this pair recently. While there can be some more action, one final hurray, the top is likely in.
We get a correction and this correction ends up in a higher low. When the low is in we go bullish again. This correction would match Bitcoin of course because the market moves as one.
From 5-August through 7-October we have more than two months green, 63 days. It is normal to see a retrace/correction after any type of bullish wave. Up and down, up and down...
It can be early of course, but this is it for this wave.
We simply wait for prices to move down and once the low is in, we start to buy again.
Namaste.
SUILong to test prior swing highs.
Coming out of supply turned demand.
Magic fib retrace ltf m1 == shouldd pop any minute now
Forming a sales position in SUIAs the daily channel listed on the channel, this queen, which has a powerful ascending rally, needs to be modified to continue the course of movement, so as in one hour and 5 minutes change The trend has taken place in this queen and with a liquidity that has not been formed for 5 minutes, it can regain the price and throw it to lower levels.
SUI. I expect a correction.I'd open short with SL at 2.17
In the long term this coin may grow, but for now I'm waiting for a correction to 1.6
SUI near ATHSUI nearly made it to ATH. I know it looks pretty scary to enter long that high, and that makes sense. But I want you to check out SUIBTC chart - imagine that price break above that level - in this case guaranteed target will be around 0.00009 and that makes another 150% from breakout (or ~180% from cmp) 👀
Watch the dips under 1.92 and down to 1.85 - they can be an opportunity to catch that breakout.
SUI - Possible Pullback to $1.20 to $1SUI Network skyrocketed and has recently been the most hyped coin.
In our last update, we anticipated a breakout when it was trading around $1
SUI has just undergone 83 million USD worth of token unlocks.
Technical Outlook:
With CRYPTOCAP:BTC dominance rising as Bitcoin corrects, we expect a broader pullback.
On the weekly timeframe, price has hit a significant resistance level.
4-hour timeframe: There was a strong rejection, and it is now trading around the daily Point of Control (dPOC). If it loses the monthly Point of Control (mPOC) at $1.70, there is a higher chance it will revisit the $1.20 to $1 (breakout area)
SUI potential playout !SUI / USDT
massive breakout of downtrend line
When an altcoin shows Such strength very likely to continue
A Potential playout of upward movement to high range of big channel
Best of wishes
Sui idea Seems to me on the weekly is very bullish as soon as it takes out 2:17 all time high will be on the way . Solana might have a new competitor on the Meme coins , so am buying some sui and let it ride. Also last month they partner Usdc for transactions even tho is a meme coin i think it can go higher . Not an advise
#SUI (SHORT) entry range(2.0844- 2.2500) T.(1.1421) SL(2.3300)I will take this risk to short BINANCE:SUIUSDT from this price (2.0844), please do your own plan....
BINANCE:SUIUSDT
entry range (2.0844- 2.2500))
Target1 (1.4590) - Target2 (1.1421)
SL (2.3300)
*** I will take this risk , please do your own plans ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #MAV #ZRX ****
SUI at Risk: Bearish Momentum and Key Levels to Watch!Yello, Paradisers! Is SUI heading for another leg down, or will it surprise us with a breakout? Here's our take.
💎SUI is showing strong bearish momentum right now as it faces a key supply area. One of the main signals confirming this is the bearish divergence on the RSI indicator, which often indicates a potential price drop. If SUI gets rejected again (as it did previously), there’s a good chance it will revisit the 1.7180 demand zone, possibly giving us a short-term rebound before continuing its downward journey toward the 1.6 support level.
💎This 1.6 area is crucial because a break below this zone would validate a double-top pattern, suggesting a significant bearish move. Should this happen, we could see SUI targeting the Bullish OB at the 1.24 level.
💎However, if SUI breaks out above its All-Time High (ATH) at 2.18 and closes the day above it, this will invalidate the bearish setup. Such a breakout would signal a bullish continuation, and we’d expect prices to push higher. In that case, it would be wise to close any short positions on SUI, as the trend could shift significantly.
Discipline, patience, and strategic positioning are key here.
MyCryptoParadise
iFeel the success🌴
#SUI/USDT#SUI
The price is moving in an ascending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the 100 moving average again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 1.70.
Entry price 1.75.
First target 1.87.
Second target 1.94.
Third target 2.00.
SUI done? or...If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Finally have a bit of a break of the HL.
IF it is ready for a Wave 4.
I would really like to see a move down to 1.45 and react before a move back to 2$, to load a long.
Still time to put in a wave B so may not be ready yet.
Trade Safe,
Trade Clarity.
#SUI/USDT breaks the Diagonal Trendline in 1-Hour TF!#SUI/USDT breaks the Diagonal Trendline in 1-Hour TF!
Wait for a successful retest to long $SUI. The local support level os PDL $1.6225. #SUIUSDT's local resistance level is PHW $1.8481.
$Sui where to!I think we are in wave 4, retracing to 0.618, 0.5 or 0.382 to start wave 5 for a double top or beyond.. Good luck for everybody. dor.. this not a financial advice.
