๐ SUI/USDT Trade Plan & Analysis
Current Price: $4.3725 (-0.44%)
The 4-hour chart for SUI/USDT shows a consolidation phase following a series of pullbacks and recoveries. Itโs trading within a range, indicating a potential breakout or further dip. Letโs prepare a strategy to make the most of this opportunity! ๐๐ฅ
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๐ Trading Strategy
๐น For the Bulls:
Entry: Above $4.50 (Breakout confirmation zone)
Targets: $4.70, $4.90, and possibly $5.00
Stop Loss: $4.30
๐น For the Bears:
Entry: Below $4.25 (Breakdown confirmation zone)
Targets: $4.10, $4.00, and potentially $3.85
Stop Loss: $4.45
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๐ Technical Overview
1๏ธโฃ Trend: SUI is trading sideways in a consolidation zone, indicating indecision in the market.
2๏ธโฃ Key Levels:
Resistance: $4.50
Support: $4.25
3๏ธโฃ Indicators:
Volume: Decreasing volumeโwatch for a spike to confirm the breakout or breakdown.
RSI: Neutral, providing room for a potential move in either direction.
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๐ก Risk Management:
Always use proper stop-loss levels to protect your capital.
Adjust your position size based on your risk tolerance and the market's volatility.
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