$SUI
Alright, let's break down the SUIUSDT chart for our weekly update.
It looks like we've got a pretty clear descending channel here, with a defined resistance level and a support line. What's interesting is that it seems to have recently broken out above that resistance, which is a bullish sign!
We can see what looks like a potential "chyper pattern" forming, which often suggests a reversal. The chart indicates a "$$$ target" around the 3.12 area.
So, here's the game plan: If SUIUSDT continues this upward momentum and hits that first target around 3.12, that's our cue to move our stop loss right up to our entry price. This is a smart move because it essentially takes all the risk off the table. If it reverses after hitting the target, we don't lose anything. If it keeps going, even better!
Keep an eye on that 3.12 level. It's a key point for managing our risk on this trade.
