$SUI Liquidated Long: $2.4K at $3.6741
The recent liquidation of the long position in $SUI at $3.6741 highlights the volatility and inherent risks associated with this asset.
Entry: $3.6741
Target: $4.0000
Stop Loss: $3.3000
-Entry: The price at which the position was initiated. In this case, the long position in $SUI was entered at $3.6741.
-Target: The price level at which the trader intends to close the position for a profit, set at $4.0000 for this analysis.
-Stop Loss: The price level at which the position will be closed to prevent further losses, established at $3.3000.
Risk-Reward Ratio:
Potential Gain: Target ($4.000) - Entry ($3.6741) = $0.3259
Potential Loss: Entry ($3.6741) - Stop Loss ($3.300) = $0.3741
Risk-Reward Ratio: 0.3259 (potential gain) / 0.3741 (potential loss) = 0.87
This risk-reward ratio indicates that for every dollar risked, the potential return is approximately 87 cents, suggesting the need for caution in future trades involving SUI.
Effective risk management strategies are essential when dealing with such volatile assets.
