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$SUI /USDT Trading Signal - Consolidating After Sharp Drop
Entry Range: $3.70 - $3.80
Target 1 (TP1): $3.90
Target 2 (TP2): $4.05
Stop Loss (SL): $3.50
Market Analysis:
SUI/USDT is trading at $3.7336, down 9.86%, after testing the daily low of $3.4952. The price is attempting to stabilize above the $3.70 support level. A bounce from this region could target $3.90 initially, with further upside potential toward $4.05 if momentum builds.
The stop loss at $3.50 minimizes downside risks in case of further weakness.
Key Levels to Watch:
Resistance: $3.90, $4.05
Support: $3.70, $3.50
Pro Tip: Secure partial profits at TP1 and move the stop loss to breakeven if the price sustains above $3.85. Monitor volume for confirmation of a potential breakout.