š Suggested Trade Setup
1. Entry Price $SUI
A strong-support zone lies around $2.70ā$2.75, where SUI recently formed a falling wedge and bounced . Aim to enter near that range, ideally around $2.75.
2. Initial StopāLoss $SUI
Place your stop just below $2.70, around $2.65. This guards against a breakout downside while staying clear of normal intraday noise.
3. ProfitāTakers / TakeāProfit Zones $SUI
First target: around $3.00 ā near recent intraday resistance.
Second target: around $3.40ā$3.45, aligning with prior swing highs and Fibonacci levels .
Optionally, let a partial position run toward $4.00+ if momentum continues .
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š Trade Execution Overview
Buy (enter): ~$2.75
StopāLoss: ~$2.65
Take profits:
First: ~$3.00
Second: $3.40ā3.45
Stretch: $4.00+
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š Why This Works
Bullish reversal pattern ā a falling wedge breakout adds confluence .
Strong support near $2.70 acts as a logical entry zone.
Resistance levels at $3.00 and $3.40ā3.50 correspond to historical swing points and Fibonacci targets .
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šÆ Visual Layout of Key Zones
Resistance: $3.40ā3.45 ā Ideals to take most profit
Resistance: $3.00 ā Partial profit zone
Entry zone: $2.70ā2.75 ā After wedge breakout
Stop loss: $2.65 ā Below support
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šµļø Tip for Real Trading
Position sizing: Risk only 1ā2% of your capital per trade.
Scale out: Sell part of your position at each target instead of all at once.
Watch volume: A breakout with volume boosts confidence; weak volume suggests caution.
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ā ļø Note: This is educational, not financial advice. Crypto is volatileāuse
risk management and adapt to market changes. Good luck with your SUI trade!