#StopLossStrategies

$SUI Alhamdulillah, I had said that SUI would come down to 2, but some "flawers" (probably meant "followers" or critics) said that SUI would go above 3 — they must be in a loss today. Now SUI should be bought from here, as it is preparing to go up to 3.

Chart Time Frame: 4-Hour

Current Price: $2.0823

Moving Averages:

MA(7): $2.0400

MA(25): $2.0902

MA(99): $2.3315

Your Marked Zones:

Support Levels:

S1 ($1.90 area):

This level acted as strong support where the price recently bounced from.

S2 ($1.75 area):

A key psychological and historical support. If price drops again, this level could trigger another bounce.

Resistance Levels:

R1 ($2.15 zone):

Immediate resistance – price needs to break and hold above this for a bullish continuation.

R2 ($2.39 – $2.83 zone):

This is a strong resistance area where the price previously faced heavy selling and dumped. Buyers may struggle here.

Indicator Overview:

RSI(6): 60.99

RSI is heading upward, indicating some bullish momentum.

MACD:

Showing a bullish crossover, hinting at potential short-term upward movement.

Scenarios:

Bullish Scenario:

If price breaks above $2.15 (R1) with volume, it could push towards $2.39 (R2) and potentially $2.83.

Bearish Scenario:

If price fails to hold $1.90 (S1), the next strong support is $1.75 (S2).

Trade Idea (Example):

Long (Buy):

Entry: Around $2.00 – $2.05 (near MA7)

Target 1: $2.15

Target 2: $2.39

Stop Loss: $1.89

Short (Sell):

Entry: If price gets rejected at $2.15

Target: $1.90

Stop Loss: $2.20

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