analysis 📊 SUI Coin SUI-->>USDT On The 4-Hour Timeframe

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This analysis is conducted on a 4-hour timeframe, focusing on key price levels, trends, and trading opportunities visible on the chart. Shorter timeframes are available with premium accounts, offering more granular insights into price movements and trading strategies.

Key Observations

1. Support and Resistance Levels:

   • Multiple horizontal support zones are visible around $2.40, $2.00, and $1.96. These are areas where buyers have previously stepped in, preventing further price declines.

   • Resistance levels are marked at $2.50, $3.00, and higher zones such as $3.80. These levels represent areas where sellers have historically dominated, pushing the price down.

2. Bearish Signals:

   • Several "Bear Wick" labels indicate strong rejection candles at higher prices, suggesting bearish sentiment during those periods.

   • Price action is currently consolidating below the resistance at $2.50, which may indicate weakness or indecision in the market.

3. Trend Analysis:

   • The overall trend appears bearish, with lower highs and lower lows forming since the peak near $4.20.

   • The price is currently trading near a critical support zone at $2.26, which could act as a pivot point for future movements.

4. Volume and Momentum:

   • Momentum seems to be slowing down near the current price levels, suggesting potential accumulation or preparation for a breakout.

   • No significant volume spikes are visible on this chart, which would otherwise confirm strong buying or selling pressure.

5. Potential Trade Setups:

   • Long Setup: Enter near support at $2.00-$2.26, with a stop-loss below $1.96 to minimize risk. Target resistance levels at $2.50, $3.00, and potentially higher if momentum builds.

   • Short Setup: Enter near resistance at $2.50-$3.00, with a stop-loss above $3.20 to protect against breakouts. Target lower support zones at $2.26, $2.00, or even $1.96 if bearish momentum continues.

Trading Recommendations

• Entry Points:

  • Long: Around $2.26 (current support zone).

  • Short: Near $2.50-$3.00 (resistance zone).

• Exit Points:

  • Long: Take profits incrementally at $2.50, $3.00, and $3.80.

  • Short: Target lower levels like $2.26, $2.00, or $1.96.

• Stop-Loss Levels:

  • Long: Below $1.96 to limit downside risk.

  • Short: Above $3.20 to avoid losses in case of a breakout.

Sentiment Analysis

The sentiment appears neutral to bearish:

• Consolidation near support suggests indecision.

• Bearish wicks indicate selling pressure at higher levels.

Premium Account Benefits

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