How to Trade $SUI Futures Consistently with Tight Stop Loss and Strong Take Profit:
1. Choose Key Levels:
• Identify strong support and resistance zones on the 1H or 4H chart.
• Focus on areas where price reacts sharply (rejection wicks, consolidation zones).
2. Entry Strategy:
• Wait for price to retest a key level with clear rejection (e.g., bullish/bearish engulfing candles).
• Enter only after confirmation, not just at random levels.
3. Stop Loss Placement:
• Set a tight SL just a few points (e.g., 0.5% to 1%) below the support (for long) or above the resistance (for short).
• Always predefine your risk per trade (e.g., maximum 1%–2% of your total balance).
4. Take Profit Target:
• Aim for a minimum Risk:Reward Ratio of 1:2 or higher.
• TP can be set at the next key support/resistance or a Fibonacci level like 1.618 extension.
5. Example Setup for SUI:
• Current Price: $1.50
• Support Level: $1.48
• Entry (Long): $1.50 after bullish confirmation
• Stop Loss: $1.475 (tight, 1.6% below entry)
• Take Profit: $1.56 or $1.58 (targeting 4%-5% move)
6. Risk Management:
• Only risk small % per trade to survive losing streaks.
• Accept losses quickly if SL hit; do not move stop loss further away.
7. Consistency Tips:
• Stick to the plan even if some trades lose.
• Focus on execution, not on individual win/loss.
• Review trades weekly to spot and fix mistakes.
