And a drop of $3.62. Despite recent challenges, including a major exploit on the Cetus protocol, a major DEX on the Sui network, resulting in a loss of $223 million and subsequent price drop, SUI has shown signs of resilience. Analysts expect SUI to exceed $8.39 by the end of 2025, indicating strong long-term prospects.
---
🎯 Trade setup: Short-term strategy for SUI
Entry point: Consider entering a position if SUI maintains stability above $3.65. This level has shown to be a potential support area after the recent drop.
Stop loss: Set a stop loss at $3.50 to manage downside risk. A drop below this level may indicate further bearish momentum.
Profit-taking targets:
TP1: $3.85 – Conservative target near recent daily high.
TP2: $4.00 – A more ambitious target, in line with previous resistance levels.
Risk-to-reward ratio: approximately 1:2, considering a risk of $0.15 against a potential gain of $0.30.
---
🧠 Key considerations
Market sentiment: Keep an eye on news related to the Sui network and broader market trends, as these can impact price movements.
Volume analysis: Ensure that any upward price movement is supported by an increase in trading volume, indicating strong buying interest.
Technical indicators: Monitor indicators like RSI and MACD for signs of overbought or oversold conditions.
---
⚠️ Risk management
Position sizing: Allocate only a portion of your capital to this trade to minimize potential losses.
Stay informed: Regularly check for updates related to the Sui network, especially regarding security and development progress.
Exit strategy: Be prepared to exit the trade if the price fails to hold above the support level of $3.65 or if negative news emerges.
---
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
#SUİ #sui #SUI🔥 #NewsAboutCrypto #newscrypto