Scalping & Mid-Term Analysis for Sui

Market Overview:
Trend: SUI is in a corrective phase after a major rally but holding key support levels.
Key Levels:
Resistance: ~$3.52 - $3.60
Support: ~$3.34 - $3.40 (weak), ~$3.05 (stronger)
Indicators:
MACD: Bearish crossover, momentum is fading.
RSI: Near 40, indicating oversold conditions but no clear reversal yet.
EMA: SUI is testing the 200 EMA, which is acting as support.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Current Setup)
Why? SUI is consolidating near support but facing strong resistance at $3.52.
How?
Buy near $3.34, targeting a scalp to $3.50 - $3.55.
Sell near $3.52 - $3.60, where resistance is strong.
Stop-loss below $3.30, as a breakdown could trigger further downside.
🩸 2. Breakout Scalping (If Volatility Increases)
Trigger: A breakout above $3.60 or breakdown below $3.34.
Execution:
If SUI breaks $3.60, scalp long targeting $3.80 - $4.00.
If SUI drops below $3.34, scalp short to $3.05 - $3.00.
🩸 3. EMA Scalping
Why? SUI is trading near the 200 EMA, which could act as support.
Execution:
Buy on EMA retest (~$3.34 - $3.40) if it holds.
Sell near $3.52 if rejected by resistance.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Neutral → Slightly Bearish
Why?
SUI is holding above support, but momentum remains weak.
Failure to break above $3.60 could lead to further downside correction.
If SUI loses $3.34, expect a move to $3.05 - $3.00 before any bounce.
A confirmed breakout above $3.60 will target $3.80 - $4.00.
🔥 News & Market Context:
SUI’s market sentiment remains mixed, requiring a strong catalyst for upside continuation.
Whales may accumulate near support, but without a breakout, upside is limited.
Monitor Bitcoin’s movement, as SUI will likely follow overall market sentiment.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping the range is ideal, with buys near $3.34 and sells near $3.52.
🩸 Mid-term: Neutral unless SUI breaks $3.60—if it fails, expect a move to $3.05.
🩸 Ideal Play: Scalp long near support, but watch for rejection at resistance before taking larger positions.

👑 Final Verdict:
SUI is holding above support, but struggling at $3.52 resistance. If bulls can break it, expect $3.80 - $4.00 next. Otherwise, a dip to $3.05 is likely before the next leg up. 🔥