$SUI #GateSquareMayTradingShare

SUI/USDT chart, here’s a technical analysis and a structured trade plan.

🔍 Technical Analysis

Trend & Structure

· Price is currently at 1.2668, up +10.56% on the day, but -8.20% today (likely a sharp intraday pullback).
· BOLL(20,2): Price is between MB (1.1269) and UB (1.3728) → trading in the upper half, bullish bias but not overbought.
· SAR(0.02,0.02,0.2): 1.4134 → SAR is above price → bearish signal on the current candle (trend reversal warning).

Support & Resistance

Level Price Notes
Resistance 1 1.3728 Upper Bollinger Band
Resistance 2 1.4134 SAR + Recent High
Support 1 1.1332 Mid-line (MB) + recent low area
Support 2 0.9652 Lower range of recent price action

Indicators

· MACD: DIF (0.0829) > DEA (0.0642) → bullish crossover intact, but histogram (0.0186) is shrinking → momentum slowing.
· Volume: Not shown numerically, but price near mid-BB suggests average activity, not extreme accumulation or distribution.

Performance Summary

· Strong 7d (+34.79%) and 30d (+32.77%) gains.
· Weak 1Y (-68.48%) → current move is a recovery/bounce within a long-term downtrend.

📋 Trade Plan (Swing Trade)

Direction: Long (bullish) on pullback to support

Reason: Uptrend since 7d low, MACD still positive, price above mid-BB.

Entry Zone

1.1200 – 1.1400
(near Bollinger MB @ 1.1269)

Stop Loss

1.0800
(below recent swing low and mid-BB support zone)

Take Profit Targets

· TP1: 1.3700 (near upper BB)
· TP2: 1.4100 (SAR resistance)

Risk/Reward (approx.)

· Risk: ~0.06 (1.14 → 1.08)
· Reward TP1: 0.23 → 1 : 3.8 ✅

🧠 Trade Rules

· Position size: Risk 1–2% of capital per trade.
· Confirmation: Wait for a 15m or 1h bullish candle to close inside entry zone before entering.
· Invalidation if: Price closes below 1.0800.
· Trailing stop: Move to entry after +0.10 gain.

⚠️ Risks

· SAR is above price → downtick could accelerate if 1.13 breaks.
· Today’s -8.20% shows intraday volatility is high.
· Long-term trend is still down → treat as a countertrend swing within a larger bear market.