$SUI Trading Alert! ๐จ
I just liquidated my short position at $1.0625K at $3.63993. Itโs been a challenging market, but Iโm always ready to pivot and adapt. Now, letโs talk about the next move!
Current Price: $3.63993
24-Hour Price Change: +2.8%
SUI has shown some strength, but thereโs still a lot of uncertainty ahead. Letโs break it down!
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Tips to Consider:
Tip 1: Always watch for trends. SUI is testing some key levels, so we need to be ready for potential breakout or breakdown.
Tip 2: Keep a close eye on volume. Higher volume could signal a move in either direction.
Tip 3: Risk management is everything. Donโt let emotions control your tradesโstick to your strategy.
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Buy Zone:
Iโm looking to enter around $3.50 - $3.60. If SUI holds these levels, it could continue its upward momentum.
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Target Prices:
1st Target: $4.00
2nd Target: $4.50
Longer-Term Target: $5.00+
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Stop-Loss:
Place your stop-loss around $3.30 to minimize potential losses if the market turns against you.
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Key Support/Resistance:
Support: $3.30
Resistance: $4.00
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Market Feeling:
The market feels bullish for SUI in the short term, but weโre still waiting for confirmation. Keep your eyes peeled for any signs of a breakout!
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Follow for more updates and insights on my trading journey! And donโt forget to share with your trading fam so we can all stay ahead of the game together!
