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Alright, I want to talk to you about possible entries in the SUI/USDT pair. Personally, I like to trade on the 15-minute timeframe. Let's get into the analysis 🤑
📊 Current price and volume
The current price of SUI is around 2.76 USDT (–4.6% in 24h).
High daily volume (~820–870 M, +38% vs monthly average).
🔺 Recent technical structures
1. Descending triangle / falling wedge on 1h–4h:
Support ~2.70–2.78 USDT, resistance falling from ~3.00 USDT.
A breakout above could initiate a short-term rally.
2. Token unlocks for approximately $123 M in SUI this week, which increases selling pressure.
3. Mixed indicators:
MACD has given positive signals.
RSI is moderate after being overbought weeks ago.
✅ Entry I plan to initiate at this time
🟢 1. Bounce entry (conservative)
Condition: Confirm bounce from the 2.70–2.78 zone.
Suggested entry: 2.78 USDT (if there is a significant bullish candle).
Stop loss: 2.65 USDT (just below support).
Take Profit:
TP1: 2.95 USDT (recent intraday high).
TP2: 3.10–3.15 USDT (psychological zone/minor resistance).
Risk/reward: > 2:1, low risk.
⚠️ Risks to keep in mind
The ongoing token unlock may generate selling pressure, even in bullish scenarios.
Open Interest in derivatives has decreased significantly (+bearish derivatives), which suggests less buying momentum.
Trade at your own risk; you are responsible for your capital and how you manage it. I wish you good luck 🍀
$SUI #TradingSignals
