### Technical Observations:
1. Price & MA60 Level: The current price ($1.9153) is slightly below the 60-period moving average ($1.9370), suggesting some downward pressure.
2. MACD Indicator: The MACD histogram is below zero with a negative DIF and DEA, indicating bearish momentum.
3. Volume: There was an increase in selling volume in the recent periods, supporting the downtrend.
### Strategies:
#### Long Position
- Entry Point: Consider a long position if the price rebounds above the MA60 level (~$1.9370) with confirmation of an upward MACD crossover.
- Stop Loss: Place a stop loss slightly below the recent low, around $1.87.
- Take Profit: Set the take profit around $2.00, near the recent high.
- Trade Duration: Short to medium term, depending on price action near the MA60 and volume behavior.
#### Short Position
- Entry Point: Consider entering a short position if the price drops below $1.90, confirming a continuation of the downtrend.
- Stop Loss: Place a stop loss above the MA60 level at around $1.95.
- Take Profit: Set take profit near $1.85, where there may be potential support.
- Trade Duration: Short-term, ideally monitoring price action closely in case of a bounce.
### Contingency Plans:
- Plan A: If the price rebounds and holds above the MA60, stay in the long position with tight stop losses to lock in profits.
- Plan B: If the price breaks down below $1.90 decisively, consider switching to a short position.
- Plan C: If volatility increases without a clear trend, consider reducing position size and setting wider stop losses to avoid whipsaws.
- Plan D: If signals become mixed (e.g., price moves sideways), exit all trades and wait for stronger confirmation.
Use proper risk management, as the SUI/USDT pair can be volatile. #Write2Earn! #TradingMadeEasy #BinanceSquareFamily $SUI
