Price: 3.2844 | EMA7: 3.38 | EMA25: 3.54 | RSI14: 41.67 | Resistance: 4.4436 | Support: 2.2937 | Average Volume: 51540283.29 | Volume Trend: Decreasing
Based on the 1-day technical analysis of SUIUSDT, I advise:
* Long Entry: Wait for a pullback to the EMA7 (3.3845) or the nearest support level (2.2937). This would provide a better risk-reward ratio. If you're feeling aggressive, you could consider entering at the current price (3.2844) with a stop-loss below the support level.
* Short Entry: A short entry could be considered if the price breaks below the support level (2.2937). However, given the decreasing volume trend, it might be wise to wait for a confirmation of the breakdown.
* Spot Buy Price: I would recommend waiting for the price to retest the EMA25 (3.5409) or the 20-period exponential moving average (3.4505) before entering a long position. This would provide a more reliable buy signal. If you're looking for a scalp entry, you could consider buying at the RSI14 (41.67) as it's approaching oversold territory.
Remember to always set proper stop-loss and take-profit levels and adjust your trading plan according to market conditions.