Technical analysis by Geroge_Fx about Symbol SUI: Sell recommendation (3/10/2025)

🚨 SUI/USDT BUY SIGNAL 🚨🔹 Entry: 2.3500🎯 Targets:✅ TP1: 2.5500✅ TP2: 2.7500✅ TP3: 3.0000📌 Final Target: 3.0000🔒 Risk Management is Key! Set Your Stop-Loss Wisely.---This version is clear, professional, and encourages risk management. Let me know if you'd like to add anything else.\ Here's an analysis of SUI/USDT, focusing on support and resistance levels, particularly around the buy zone at $2.3500 on the 4-hour (H4) chart:Support Levels:$2.2116: Identified as the third support point, this level may serve as a strong support if the price declines. $2.3890: Recognized as a support level, this area could provide a buffer against further price drops. Resistance Levels:$2.8076: Marked as the first resistance point, this level could pose a challenge for upward price movements. $2.9846: Identified as the second resistance point, this area may serve as a significant barrier to price increases. $3.1056: Noted as the third resistance point, this level could be a critical threshold for bullish momentum. Technical Indicators:Fibonacci Retracement Levels: Common retracement levels such as 23.6%, 38.2%, 50%, and 61.8% are often used to identify potential support and resistance areas. Moving Averages: The 50-day moving average is at $3.3596, with the current price below this average, indicating a bearish trend. 4-Hour Chart Analysis:The 4-hour chart shows that the $2.3500 level aligns closely with the identified support zones, suggesting a potential buy opportunity. However, traders should monitor the price action around this level and consider the broader market context before making trading decisions.Conclusion:The $2.3500 buy zone on the H4 chart is near significant support levels, indicating a potential entry point. Traders should watch for bullish signals around this area and be mindful of the resistance levels that could impact upward momentum. Employing proper risk management strategies is crucial to navigate potential market volatility.