๐Ÿ“Š SUI/USDT Trade Setup (4H Chart)

Current Price: $3.31

Market Sentiment: Neutral to slightly bullish

๐Ÿ”น Entry Point:

$3.3950: Enter if the price breaks above this level with strong bullish momentum, confirmed by a bullish candle close and increased volume.

๐Ÿ”ป Stop-Loss (SL):

$3.3500: Placed below recent support to manage risk effectively.

๐ŸŽฏ Take Profit (TP) Targets:

Target Price Notes

TP1 $3.5535 Next significant resistance level

TP2 $3.6000 Psychological resistance point

Tp3 $4

๐Ÿ“ˆ Risk/Reward Ratios:

TP1:

Reward: $0.1585

Risk: $0.0450

R:R Ratio: ~3.5:1

TP2:

Reward: $0.2050

Risk: $0.0450

R:R Ratio: ~4.5:1

๐Ÿง  Trade Plan:

Monitor the price action around the $3.3950 level.

Enter the trade upon a confirmed breakout above $3.3950 with strong bullish indicators.

Set the stop-loss at $3.3500 to limit potential losses.

Target profits at $3.5535 (TP1) and $3.6000 (TP2), adjusting as the market evolves.