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📈 Current status and technical context
Current price: US $2.92 (±0.02%), intraday range US $2.83–2.93.
Recent trend: breaking resistances at US $2.85‑2.90; possible bullish targets at US $3.00‑3.20.
Key supports: US $2.85, demand zone between US $2.60‑2.70.
Technical indicators:
Coiling at US $2.85, usual before a breakout.
21‑ and 50‑SMA: bullish compound; possible breakout above the 50‑SMA (∼US $3.00).
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🎯 Entry and exit strategy
1. **Stepped purchase (dollar-cost averaging):**
Level 1 (partial entry): US $2.90 — after confirmation of breakout over US $2.85‑2.90 with volume.
Level 2 (additional purchase): US $2.75 — in case of correction; limited risk.
Level 3 (aggressive entry): US $2.60 — strong demand zone according to analysis.
2. **Profit targets (take profits):**
TP1: US $3.00 — psychological, breaks congestion zone.
TP2: US $3.20 — next level of technical resistance.
TP3 (extension): US $3.50‑3.60 — if it breaks 50‑SMA with strong momentum.
3. **Stop-loss and risk management:**
Initial SL just below each entry level (e.g. buy at US $2.90 → SL ≈ US $2.80).
Adjust SL to breakeven when at least TP1 is reached.
Do not risk more than 1–2% of total capital per trade.
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⚙️ Trade management
Use staggered limit orders, no abrupt entries.
Check volumes: ideally a breakout with increased volume to validate entry.
Monitor macro events (employment data in the US, rate decisions) and news from Sui (integration of tBTC and growing TVL).
If BTC and ETH maintain an upward trend, it usually benefits Sui as an altcoin.
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🧭 Action plan
Phase Action USD Level Note
1. Daily review Check support at US $2.85–2.90 — Volume, candles, relevant news
2. Partial entry Stepped purchase in moderate blocks ~2.90 SL below (~2.80)
3. Correction If it drops without negative signals, add 2.75, then 2.60 Active SL management
4. Partial exit TP1 at US $3.00 – secure profits 3.00 Adjust SL to breakeven
5. Intermediate exit TP2 at US $3.20 – sell partially 3.20 Monitor volume and price action
6. Total exit If it continues, TP3 3.50–3.60, then close 3.50–3.60 Higher risk, only if it confirms momentum
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✅ Summary
Staggered entry at US $2.90‑2.60.
Realistic targets: US $3.00 and US $3.20, extension up to US $3.60.
Precise stop-losses to protect capital.
Continuous monitoring of volume and macro indicators.
#Spot #trading #StrategicTrading #SUİ $SUI
