The current crossover indicates the beginning of an attempt to rebound after a decline, as the price has crossed above EMA(7) and approached EMA(25), indicating an upward attempt.
2. Stochastic KDJ Indicator:
K = 60.13, D = 57.58, J = 65.22
These values indicate a neutral zone, with a slight tendency to buy without clear overbought conditions.
3. MACD Indicator:
MACD is close to a positive crossover with the fast line moving above the slow line, enhancing the likelihood of a short upward wave.
4. Relative Strength Index RSI = 58.01 Indicates moderate upward momentum, not in the overbought zone, allowing room for upward movement. 5. Volume: There is a noticeable increase in trading volume in the area where the price touched the low of 3.2711, indicating strong buying in that area. Proposed Scalping Plan: Entry Point (Buy Entry): 3.43 โ 3.44$ (if it holds above EMA 7 and a strong bullish candle appears)
First Target: 3.47$
Second Target: 3.50$
Stop Loss: 3.41$ or below the low of 3.40$ according to risk strategy
Note:
The trade relies on exploiting the current positive momentum but within a short time frame (15 minutes).
It is preferable to monitor the next candle to confirm the continuation of the upward trend. In the event of a strong bearish candle, exit the trade immediately.
$SUI ๐According to the indicators, it is still positive for the price with weak buying momentum and a correction period, but it won't last long because there is hidden incoming liquidity, just waiting for confirmations from support areas and larger trading volume onlyโThis is just my opinion and prediction onlyโ {spot}(SUIUSDT)