Got it. Here's the refined strategy for $SUI USDT based on day trading with medium risk tolerance:
1. Entry Point:
The price is currently recovering from the 3.5842 support level. A potential entry point for SUI/USDT could be around 3.75 - 3.78, as the price consolidates and shows potential for a continuation upwards.
2. Take Profit (TP):
First TP: Near the recent resistance level at 3.88, capturing a conservative profit.
Second TP: If momentum is strong, the next level is the 4.02 resistance, just below the 4.2989 high.
3. Stop Loss (SL):
A suitable SL would be slightly below the recent low of 3.5842, at around 3.57, to protect against potential breakdowns.
This setup provides a risk-reward ratio of approximately 1:2, aligning well with a medium-risk day trading strategy for $SUI /USDT. Want any adjustments?