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In this analysis, I want to review the SUI coin for you. It’s one of the Layer1 projects in the crypto space, currently ranked 13 on CoinMarketCap with a market cap of $13.66 billion.
📅 Daily Timeframe
On the daily timeframe, a lot has changed for SUI since the previous analysis. After breaking the descending trendline, it has started a new bullish trend.
✔️ In the first bullish leg after breaking the trendline, the price reached the 4.0866 zone, and now after a correction, it’s moving upward again.
📈 The 4.0866 level is a very important resistance. In fact, we can draw a resistance range between 3.6402 and 4.0866, as the price tends to behave erratically within this zone.
⭐ Currently, the price has re-entered this range and if 4.0866 is broken, the bullish wave could continue. The first target for this wave could be 5.2689.
🔼 So, if 4.0866 is broken, I highly recommend opening a long position, because if the price truly breaks this level (and it’s not a fake breakout), then the minimum target would be 5.2689.
📊 If the buying volume continues to increase as it is now, and the RSI breaks above 76.64, the chances of breaking 5.2689 will also rise, and the price may even set a new ATH.
👀 I already have an open position on this coin based on lower timeframe triggers, and I’m currently waiting to see the reaction to 4.0866. Based on my entry, if the price moves toward 5.2689, the risk-to-reward ratio will be very high. That’s why I’ve kept part of my position open to potentially capture that move.
🛒 For spot buying, we can also use a futures strategy — meaning if 4.0866 breaks, we open a futures position targeting 5.2689, and then use the profit from that position to buy SUI in spot, gradually building our spot portfolio.
✨ If you are looking at this coin only for spot, the main trigger is the breakout of 5.2689. But be careful — if the price moves aggressively, it might not give you a proper entry trigger, and entering from that area might be difficult.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the SUI coin for you. It’s one of the Layer1 projects in the crypto space, currently ranked 13 on CoinMarketCap with a market cap of $13.66 billion.
📅 Daily Timeframe
On the daily timeframe, a lot has changed for SUI since the previous analysis. After breaking the descending trendline, it has started a new bullish trend.
✔️ In the first bullish leg after breaking the trendline, the price reached the 4.0866 zone, and now after a correction, it’s moving upward again.
📈 The 4.0866 level is a very important resistance. In fact, we can draw a resistance range between 3.6402 and 4.0866, as the price tends to behave erratically within this zone.
⭐ Currently, the price has re-entered this range and if 4.0866 is broken, the bullish wave could continue. The first target for this wave could be 5.2689.
🔼 So, if 4.0866 is broken, I highly recommend opening a long position, because if the price truly breaks this level (and it’s not a fake breakout), then the minimum target would be 5.2689.
📊 If the buying volume continues to increase as it is now, and the RSI breaks above 76.64, the chances of breaking 5.2689 will also rise, and the price may even set a new ATH.
👀 I already have an open position on this coin based on lower timeframe triggers, and I’m currently waiting to see the reaction to 4.0866. Based on my entry, if the price moves toward 5.2689, the risk-to-reward ratio will be very high. That’s why I’ve kept part of my position open to potentially capture that move.
🛒 For spot buying, we can also use a futures strategy — meaning if 4.0866 breaks, we open a futures position targeting 5.2689, and then use the profit from that position to buy SUI in spot, gradually building our spot portfolio.
✨ If you are looking at this coin only for spot, the main trigger is the breakout of 5.2689. But be careful — if the price moves aggressively, it might not give you a proper entry trigger, and entering from that area might be difficult.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
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.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
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.