Hey Binance Square Fam! 🌟
Let’s dive into a bullish bounce play on SUI/USDT, packed with friendly vibes, clear trade setup, and that signature Binance Square clarity. Here’s your no-fluff guide—complete with 5 TPs, entry, SL, and snapshot of the current setup at $2.99 USDT 🚀🔥
🔍 Market Snapshot
Current Price: $2.99 USDT — slightly down ~1% in the last 24 hours .
Performance Recap: Down ~8% weekly and ~23% monthly, but still ~210% above its all-time low .
Context: After surging from ~$1.7 to ~$4.3, SUI has pulled back to retest key support—classic setup for a bounce if buyers step in .
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💡 Key Levels & Structure
Support Zone: ~$2.80–$2.99—recent fib flip and bottom of price range .
Resistance Levels:
1st Resistance: $3.19 (weekly pivot) .
Medium Resistance: $3.47 (daily highs & EMA confluence) .
Stretch Targets: $3.68–$3.88 (FXStreet & Binance weekly scenario) .
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🎯 Trade Setup: Long Bounce Play
**🛒 Entry**: Around $3.00 USDT, ideally on a bounce off the support zone ($2.99–$2.95).
**🛑 Stop‑Loss**: Place at $2.85 USDT — just under the support zone to guard against deeper pullbacks.
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🚀 5 Take Profit Targets
1. TP1: $3.19 USDT — First target, weekly pivot/resistance .
2. TP2: $3.47 USDT — Confluence zone with daily highs & EMA25/99 .
3. TP3: $3.68 USDT — Based on FXStreet potential rally (~10% extension) .
4. TP4: $3.88 USDT — Near upper Fibonacci/resistance zone .
5. TP5: $4.05 USDT — Extended bullish bounce if momentum carries .
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🛠️ Setup Table
Step Level (USDT) Note
Entry $2.95–$3.00 Bounce confirmation needed
Stop-Loss $2.85 Below support range
TP1 $3.19 Weekly pivot/resistance
TP2 $3.47 Daily highs & EMAs
TP3 $3.68 Short-term extension
TP4 $3.88 Next Fibonacci resistance
TP5 $4.05 Aggressive breakout target
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✅ Trade Filters & Confirmation
Volume Reaction: Look for buying volume near $2.95–$3.00 to validate bounce.
Candlestick Signal: A green engulf or wick off support increases confidence .
EMA Check: Ideally price holds above short-term EMA (~$3.30 zone) for sustained momentum .
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🛡️ Risk & Management Tips
Risk per trade: Stick to 1–2% of account balance.
Scale-out Strategy: Take partial profits at TP1 & TP2; move SL to breakeven afterward.
Monitor broader markets: Macro factors and on-chain metrics (like OI surge to $1.62B) can influence momentum .
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🎉 Why This Setup Rules
📌 Clear entry on support retest with defined bounce zone.
📌 Multi-tiered profit targets let you ride momentum while managing risk.
📌 Structured confirmations reduce false signals.
📌 Flexible risk control + disciplined plan = better trading outcomes.
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🗣️ Your Turn!
Are you eyeing that bounce at $2.99 or waiting for a confirmation above $3.10? What’s your stop or TP strategy? Share below and let’s build together—Binance Square style! 💬
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Disclaimer: For educational purposes only. This isn't financial advice. Trade responsibly and adapt to your own risk style.