$SUI : A healthy consolidation before the next major boost?
The Sui Network ($SUI ) ecosystem continues to make headlines with solid fundamentals (notably the recent announcement of nearly $65 billion in stablecoin transactions with low fees).
From a graphical perspective, the price action on a 4H time unit offers us a particularly interesting structure.
๐ Trading Plan: SUI/USDT
Two scenarios emerge depending on your risk profile.
๐ก Scenario 1: Continuation Purchase (Conservative)
Ideal for positioning oneself as close as possible to the support level in case of a slight downward wick.
๐ Entry Zone (Buy): $0.7650 - $0.7722 (Corresponding to the 24-hour low and major support zone).
๐ Stop-Loss (Safety): Close below $0.7480 (Invalidation of the short-term bullish pattern)
๐ฐ Targets (Take Profit):
TP 1: $0.8195 (Last 24-hour high).
TP 2: $0.8345 (Major resistance level on the chart).
TP 3 (Medium Term): $0.8750 (Theoretical target for the extension of the structure)
๐ก Scenario 2: The Aggressive Breakout (Breakout Buy)
For those who want to enter as soon as the recovery signal is confirmed.
๐ Entry Zone: Close of a confirmed 4-hour candle above $0.7950.
๐ Stop-Loss: Below the recent low of $0.7700.
๐ฐ Targets: $0.8345 then $0.8750.
๐ Recommended leverage: 2x to 3x maximum (if using Futures). Spot trading remains the best option in this volatile market.
๐ง What's your strategy for $SUI ? Are you accumulating at this support level or waiting for a clear breakout? Leave your opinion in the comments!
#sui #TradingSignals #BinanceSquareFamily
The Sui Network ($SUI ) ecosystem continues to make headlines with solid fundamentals (notably the recent announcement of nearly $65 billion in stablecoin transactions with low fees).
From a graphical perspective, the price action on a 4H time unit offers us a particularly interesting structure.
๐ Trading Plan: SUI/USDT
Two scenarios emerge depending on your risk profile.
๐ก Scenario 1: Continuation Purchase (Conservative)
Ideal for positioning oneself as close as possible to the support level in case of a slight downward wick.
๐ Entry Zone (Buy): $0.7650 - $0.7722 (Corresponding to the 24-hour low and major support zone).
๐ Stop-Loss (Safety): Close below $0.7480 (Invalidation of the short-term bullish pattern)
๐ฐ Targets (Take Profit):
TP 1: $0.8195 (Last 24-hour high).
TP 2: $0.8345 (Major resistance level on the chart).
TP 3 (Medium Term): $0.8750 (Theoretical target for the extension of the structure)
๐ก Scenario 2: The Aggressive Breakout (Breakout Buy)
For those who want to enter as soon as the recovery signal is confirmed.
๐ Entry Zone: Close of a confirmed 4-hour candle above $0.7950.
๐ Stop-Loss: Below the recent low of $0.7700.
๐ฐ Targets: $0.8345 then $0.8750.
๐ Recommended leverage: 2x to 3x maximum (if using Futures). Spot trading remains the best option in this volatile market.
๐ง What's your strategy for $SUI ? Are you accumulating at this support level or waiting for a clear breakout? Leave your opinion in the comments!
#sui #TradingSignals #BinanceSquareFamily