SUI/USDT: Potential short-term spot trading idea
Entry Point: Consider a short (buy) entry around the current price of $4.0315, or wait for a potential dip towards the $3.9954 support level for a slightly better entry if you are more conservative.
Stop-Loss: Place a stop-loss order below the recent low of $3.9562, perhaps around $3.9450. This would help protect your capital if the price breaks down further.
Target (Exit Point): Aim for an initial target around the immediate resistance level of $4.0460 - $4.0500. If the price shows strong upward momentum, a secondary target could be around the $4.0970 level.
Remember, this is just a potential trading idea based on the provided 15-minute chart. Always conduct your own thorough analysis before making any trading decisions.
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