🚨 $SUI /USDT at Critical Channel Support – Major Move Incoming! 🚨

The $SUI /USDT 15-minute chart on Binance shows price action testing a crucial ascending support line at 1.7917 USDT, indicating a key moment for potential bullish or bearish movement.

💡 Support & Resistance Levels to Watch:

• Strong Support Zone: 1.7917 USDT – Holding above this trendline could prompt a rebound, targeting higher levels.

• Immediate Resistance: 1.8200 USDT – A breakout above this level may confirm bullish momentum, aiming toward the 1.8400 USDT zone.

📈 Entry Strategy:

• Long Entry: Enter around 1.7920 USDT, targeting 1.8200 USDT, with a stop loss at 1.7800 USDT to limit downside risk.

• Short Entry: If SUI drops below 1.7900 USDT, consider a short position with targets around 1.7650 USDT, maintaining a stop loss at 1.8000 USDT to manage potential losses.

⏰ Short-Term Outlook: Look for quick scalps as price nears the channel’s boundaries, offering tight entry and exit points.

🔍 Long-Term Perspective: Holding above the support channel can signify continued bullish momentum, eyeing potential moves beyond 1.8400 USDT in the coming sessions.

📉 Manage Risk: Observe volume and volatility closely; a sudden volume spike could signal a strong breakout or breakdown. Stay alert!

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