$SUI Analysis of the SUI/USDT Pair | Promising Trading Opportunity**
The pair has shown outstanding performance with a 42% increase over the past period.
Key Financial Flow Points:
1- Notable selling pressure at levels of $1.65 (flexible support) and $2.18 (sensitive area) and $3.47 (major support and key direction)
2- Strong bullish signal with a massive inflow of $39.80 million at resistance of $39.80
3- Large trading volume of 367,426 USDT enhances the credibility of the current movement
Practical Trading Recommendations:
- Enter buy positions when the price stabilizes above $3.50 with a break of the $39.80 level (profit target +25%)
- Set a stop loss at $3.40 to protect capital
- Be cautious of a break below $3.47 which may indicate a bearish reversal requiring position closures
Analysis Summary:
The overall trend of the pair is bullish supported by strong performance, but it needs to protect the $3.47 level. A break of the $39.80 resistance may form a starting point for a new bullish wave.
Reference Trading Data
Trading Type: Spot
Do you expect a break of the $39.80 level soon? What is your strategy with SUI? Share your opinion!
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