#JobsBoomVsFed
Key Levels:
- Support: $4.8100
$SUI/USDT
New trading signal📶💹
- Resistance: $4.9507
- Current Price: $4.8120
Trade Setup:
- Long Entry: $4.8205 ✅
- Target 1 (TP1): $4.9230🚀
- Target 2 (TP2): $5.1100🚀
- Stop Loss (SL): $4.7550 ⛔
Technical Analysis:
SUI has demonstrated a significant uptrend over the past six months, appreciating by approximately 534.77%.
The current price is near the intraday high of $5.03, suggesting strong bullish momentum.
Key Levels to Watch:
Resistance Levels:
$5.71: Identified as the initial target based on the midpoint of the ascending channel.
$6.80: Secondary resistance aligning with Fibonacci projections.
$7.74: Upper channel boundary, indicating a potential 73.48% upside move.
Support Levels:
$4.60: Immediate support observed from the intraday low.
$4.14: Support level suggested by the Stop and Reverse (SAR) indicator.
$4.08: Notable support level; a breakdown below this could trigger further bearish pressure.
Trading Strategy:
Bullish Scenario:
A sustained move above $5.03 could lead to testing the $5.71 resistance.
Breaking above $5.71 may open the path toward $6.80 and $7.74 targets.
