🛠 Trade Setup for SUIUSDT Futures Timeframe: 1 Hour (H1) Trend: Market is in a downtrend with minor recoveries (lower highs and lower lows). Key Levels:
⚠️ Key Takeaways: ✔️ Bearish momentum is strong; price is breaking key supports. ✔️ If $0.01700 holds, a small bounce could happen. ✔️ A break below $0.01700 may lead to a drop towards $0.01473. ✔️ Watch for volume increase near support zones before entering trades.
Support Zone: 5,723 - 5,591 If YFI touches this zone and shows a bullish reaction (green candle, high volume), enter a long trade. TP1: 5,850 TP2: 6,031 SL: Below 5,580 🚨 Sell Entry (Short Trade):
Resistance Zone: 6,031 - 6,172 If YFI reaches this area and shows rejection (red candle, low volume), enter a short trade. TP1: 5,850 TP2: 5,723 SL: Above 6,200
If BTC touches 94,830 - 95,180 and shows a bullish reversal (green candle with strong volume). Confirm with RSI (above 40) and MACD crossover. Take Profit (TP): 95,500 - 95,800 Stop-Loss (SL): Below 94,600
🚨 Sell Entry (Short Trade):
If BTC reaches 96,500 - 96,900 and shows rejection (red candle, low volume). Confirm with RSI (above 70, overbought). Take Profit (TP): 95,800 - 95,500 Stop-Loss (SL): Above 97,000 $BTC
Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide. To claim your Pi, follow this link 🔗 https://minepi.com/tulasisanjay and use my username (tulasisanjay) as your invitation code.
Recommended Leverage: 3x - 5x (Low Risk) or 10x (High Risk) Capital Allocation: Use only 10-20% of your margin balance to manage risk. 📉 SHORT (SELL) Setup 📌 Entry: 🔹 96,245 - 96,300 USDT (Sell in this range if price rejects resistance)