SUIUSDT.P trade ideas
#SUI/USDT Ready to go higher#SUI
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 4.80
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.85
First target 4.97
Second target 5.12
Third target 5.25
#SUI/USDT Ready to go higher#SUI
The price is moving in a descending channel on the 30-minute frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 4.60
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.65
First target 4.78
Second target 4.93
Third target 5.11
SUI - time for price correction? Sui peaked at $2.22 in April 2024. Prior to that, momentum indicators started to develop a major neegative divergence. Eventually, the price dropped below the previous higher high at $1.95 and went through a prolonged price correction.
The same set up is emerging. The price recently reached $5.30 but now it is dropping below the previous high (not confirmed yet) at $4.94 area. If today's daily candle closes below $1.95 and MACD lines cross and start to point downwards, I might consider to open a short position.
My overall bias for SUI is bullish. I don't usually trade with leverage. I invest heavily in SUI and I don't intend to sell any of my SUI holdings at this stage. However, if the chart set up shows me a very clear sign for a decent correction, I will consider to open a short position to swing trade in 4H chart. I will update my analysis later.
SUI Ending Diagonal
This token had a nice rise over the last 6 months, but technicals are not looking good right now.
We have:
- Ending diagonal pattern for blue 5 / black 5 / gray 3.
- Bearish RSI divergence
I don't see SUI as a good opportunity right now (unless you are a holder), and I'll wait for a corrective pattern (gray 4) before looking for new long trades.
SUI's bullish cycle might not end soon!BINANCE:SUIUSDT
SUI is in a bullish channel and to our surprise, the channel has been reliable for the past 2 months! so we can still rely on it!
the price shall bounce in it for now!
No sign on bearish signals can be seen!
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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Huge Resistance in the 5.2 - 5.4 zone - Rally or selloff? If BYBIT:SUIUSDT.P can break through the resistance relatively smoothly, we'll be in for a rally, as that is clear proof of strength from the bulls. However we may also see a break and consolidation. Also likely there is a huge selloff that awaits there.
Act with the market reaction in that zone.
CGPT - Just Got Listed On Binance MartyBoots here , I have been trading for 17 years and sharing my thoughts on CGPT here.
CGPT is looking beautiful , very strong chart for more upside
Very similar to SUI which mooned from similar chart structure
Do not miss out on CGPT as this is a great opportunity
Watch video for more details
ChainGPT (CGPT) is an AI-powered platform launched in April 2023 that offers a suite of blockchain solutions, including chatbots, NFT generators, and smart contract tools.
Its native cryptocurrency, CGPT, is used to access various AI tools and products within the ecosystem. As of January 11, 2025, CGPT is trading at approximately $0.2129, with a market capitalization around $169 million and a circulating supply of about 795 million tokens.
Recently, CGPT has gained attention due to its listing on major exchanges like Binance, reflecting its growing prominence in the AI and blockchain sectors.
SUI/USDT | 4-Hour Resistance Zone Short SetupThis setup for SUI/USDT on the 4-hour timeframe highlights a potential rejection from a key resistance zone. Here's the trade idea:
Entry: Around $5.081, targeting the red resistance zone at $5.0252.
Stop-Loss: Above the resistance zone, allowing for potential wicks.
Take-Profit: Targeting $4.7629, which aligns with a strong support area.
This strategy assumes a pullback or rejection from the resistance zone with sellers dominating at this level. Monitor price action and volume for confirmation of the reversal. Suggestions for refinements are welcome!
SUI Holding Strong Above Key Levels: Bulls Target $6.00SUI/USDT is maintaining its bullish momentum, holding strong above the rising trendline and within the ascending channel. This indicates steady demand, with each retracement finding support near the trendline.
The key support zone lies around $3.8-$3.9, providing a strong base for potential reversals if a pullback occurs. On the upside, breaking above the $5.50 resistance could signal further bullish continuation toward $6.00 or higher.
Public trade #6 - #SUI price analysis So far, the CRYPTOCAP:SUI price is holding up quite well, despite the correction in the crypto market.
So we have a quick question for you on the OKX:SUIUSDT price:
🐳 - a slight correction to $4 and then continued growth to $7.5
or
💔 - below $4, the beginning of a sawtooth correction to the region of $2 - $2.30
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SUIUSDT | Bull Flag Confirming Uptrend ? Overview
SUIUSDT is currently showing a strong Bull Flag pattern on the daily chart (1D), which often acts as a continuation signal in an uptrend. After a powerful rally, the price is consolidating within a narrow descending channel (highlighted in yellow), preparing for a potential breakout.
Key Levels
Support Levels:
100% Fibonacci (2.2884): Critical support to maintain the uptrend.
88.6% Fibonacci (2.0758): Secondary support zone if price retraces deeper.
Resistance Levels:
Target for Bull Flag Breakout: 4.5996.
161.8% Fibonacci (3.4087): Intermediate target on the way to the Bull Flag breakout target.
200% Fibonacci (4.1043): Another key resistance before reaching the final target.
Bull Flag Setup
Pattern: The current consolidation (highlighted in yellow) forms a textbook Bull Flag.
Breakout Potential: A breakout above the flag’s upper boundary signals a continuation of the uptrend. Target levels align with Fibonacci extensions, with the ultimate target at 4.5996.
Volume: Watch for increased buying volume on the breakout to confirm the move.
Scenario Analysis
Bullish Case:
If the price breaks the upper trendline of the flag and holds above, the next targets are:
3.4087 (161.8% Fibonacci) as the first intermediate target.
4.1043 (200% Fibonacci) as a secondary resistance.
4.5996 as the projected breakout target.
Bearish Case:
If the price fails to hold above 2.2884, the uptrend may weaken, and a deeper retracement toward 2.0758 could occur.
Trading Plan
Entry: Break and close above the Bull Flag with volume confirmation.
Stop Loss: Below the lower boundary of the flag or 2.2884 (100% Fib).
Target 1: 3.4087 (161.8% Fib).
Target 2: 4.1043 (200% Fib).
Final Target: 4.5996.
📌 Disclaimer: This analysis is for educational purposes only. Always manage your risk and conduct your own research before trading.
SUI hidden patternSUI / USDT
Price is playing inside ascending broadening wedge pattern since last September!
Where close to lower trendline act as support and near upper trendline act as resistance
If you noticed this pattern marks out the bottoms and tops for all market in the same period
Which is normal thing for SUI as market leader in this cycle
Will this pattern work out again ?
Lets see the reaction at support and see 👀
Lower support must hold otherwise deeper correction will occur