Binance Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SUI/USDT Take-Profit target 1 ✅
Profit: 20.9221% 📈
Period: 14 Minutes ⏰

Binance Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SUI/USDT All take-profit targets achieved 😎
Profit: 43.7815% 📈
Period: 1 Hours 34 Minutes ⏰

https://www.tradingview.com/x/jxLbdM7C/

VIP Updates

#SUI

Weekly Chart :

On the weekly chart, we can observe that SUI is currently trading below its main trend.

The volume profile indicates that the $1.01-$1.21 area serves as a significant resistance level that needs to be reclaimed. This is in confluence with the 13/21 EMAs (Exponential Moving Averages). A successful reclaim of this area, along with the EMAs, could push the price towards our target range of $1.50-$1.60.

Conversely, if the price fails to reclaim this area and moves lower, we might see a decline towards the $0.85 level, which represents a major support zone.

Daily Chart :

https://www.tradingview.com/x/3JuNWSCu/ (D1)

On the daily chart, the $1.01-$1.21 area is again highlighted as a critical level. This zone includes the Point of Control (POC), the daily trend (indicated by the 13/21 EMAs), and the 200 EMA.

There are multiple confluences within this zone. Turning this area into a support level could see SUI rising significantly. However, failure to break through this level suggests that SUI may not be a viable investment at this time.