$SUI USDT Potential Trading Signal alert 🚨
Current Price: 2.907824H
Range: 2.8235 (low) to 3.3140 (high
RSI : 26.73, which is in the oversold territory (typically below 30).
Moving Averages: The MA(5) is above the MA(10), indicating a short-term downtrend may be losing momentum.
Trading Signal ✅
Since the RSI is at 26.73, this indicates that the asset is currently oversold, suggesting a potential buy signal for a short-term reversal. However, considering the current downtrend, caution is needed.
Buy Signal:$SUI
Entry: Consider entering a buy position if the price shows signs of reversal from the 2.8235 level, which is the recent low and may act as support.
*Take Profit: Set a target near the resistance level at around 3.1423 to 3.3134.
*Stop Loss: Place a stop loss just below the recent low (2.8235), perhaps around 2.80 to minimize losses if the downtrend continues.
Sell Signal:$SUI
If the price does not hold above 2.8235 and breaks lower, this may signal a continuation of the downtrend. In that case, it might be better to wait for a clearer bullish signal before buying or consider short positions if possible.
