📊 SUI/USDT Technical Analysis & Trade Setup
Current Price: $1.5210 (+2.64%)
24h Range: $1.4403 - $1.5484
Key Level: MA60 at $1.5222 (critical resistance)
TRADE SETUP:
ENTRY ZONES:
Primary: $1.5150 - $1.5250 (testing MA60)
Secondary: $1.5050 - $1.5150 (dip buy opportunity)
STOP LOSS: $1.4300 (below 24h low + psychological $1.4400)
TAKE PROFIT TARGETS:
TP1: $1.5484 (24h high retest)
TP2: $1.5800 (next resistance zone)
TP3: $1.6200 (breakout extension)
RISK MANAGEMENT:
Position Size: 2-3% max portfolio exposure
Risk/Reward Ratio: Minimum 1:2.5
Volume Confirmation: 76.20M USDT (healthy liquidity)
TECHNICAL CONTEXT:
Testing MA60 resistance after -17.07% weekly decline
Today's +2.96% move showing recovery attempt
Layer 1/Layer 2 narrative gaining attention
Volume increasing on upward move
KEY OBSERVATIONS:
Price at critical MA60 decision point
Strong volume support for current move
Oversold conditions on weekly timeframe
Need confirmation break above $1.5222
#SUİ #layer #TradingSetup #TechnicalAnalysiss #BukhariTechTips