$SUI how would You trade this 1 minute chart using suport and resistance levels? #SUI Best price for SUI š
1ļøā£. Identify Key Levels
Resistance: Around 2.4850-2.4900, where price previously stalled.
Support: Around 2.4600-2.4650, where the last significant bounce happened.
2ļøā£. Trading Strategy
Scalp Long Trade (Buy at Support)
If the price retests 2.4600-2.4650 and shows signs of bouncing (long wicks, green candles), Iād enter a long position.
Stop-loss: Below 2.4550, since breaking this could indicate further downside.
Take-profit: Near 2.4850, where resistance was seen before.
Scalp Short Trade (Sell at Resistance)
If the price approaches 2.4850-2.4900 and starts rejecting (long upper wicks, red candles), Iād enter a short position.
Stop-loss: Above 2.4920, as a breakout could mean a further move up.
Take-profit: Near 2.4650, the nearest strong support.
3ļøā£. Confirmation Indicators
Volume Spikes: High volume at resistance suggests strong sellers, good for shorts.
Candle Patterns: Reversal patterns (like pin bars, engulfing candles) at key levels strengthen trade setups.
Breakout Trade (If Range Breaks): If price breaks above 2.4900 or below 2.4600, I'd look for a retest before entering. #TradingSignals
