๐ SUI/USDT (1H): Vertical impulse โ pause before a new leap?
On the chart, the $SUI -hour timeframe shows explosive growth: the price has soared from 0.8412 to 1.0075 (+19%) with a breakout of all EMAs and a renewal of the local maximum. The volume of 62+ million confirms the strength of buyers โ the trend is clearly bullish. However, the oscillators are already overbought, which means the market is asking for a breather.
๐จ Briefly on the indicators:
MACD (DIF > DEA, histogram is growing) โ the momentum is strengthening.
RSI 87 / RSI(6) 97 + StochRSI 100 โ extreme overbought conditions.
Trading plan (main scenario โ LONG after a pullback)
We expect a correction of 4โ8% to relieve the overheating and form a new entry point.
๐ฏ Targets:
1.0500 โ +4 %
1.1000 โ +9 %
1.1500 โ +14 %
๐ Entry:
Aggressive โ consolidation above 1.0100 (continuation of the momentum).
Conservative โ pullback to the zone of 0.9800โ0.9900 or to EMA21 (~0.9310).
๐ Stop-loss:
0.9600 (risk ~4โ5 %).
Conclusion: the trend and volume support continued growth. Overbought conditions hint at a short pullback โ this may provide a better entry point for continuing the uptrend.
Trading ๐$SUI
{future}(SUIUSDT)