$SUI 🚀 SUI/USDT Trade Setup 📈
1️⃣ Trade Plan
Entry Zone: $2.40 - $2.45
Stop Loss: $2.29 (Below recent support)
Target 1: $2.60
Target 2: $2.75
Target 3: $3.00
💡 Aiming for a strong bounce from support with well-defined risk management.
2️⃣ Risk-Reward Ratio
✅ Favorable – Aiming for a 1:3+ risk-reward ratio, making this trade attractive for risk-conscious traders.
3️⃣ Technical Breakdown
📊 Market Structure Shift:
Price bounced from $1.96 and formed higher lows, indicating a bullish trend shift.
EMA(7) and EMA(25) are above EMA(99), confirming short-term bullish momentum.
🔹 Key Support Levels:
$2.30 - $2.35: Strong demand zone
$1.96: Last major swing low
🔹 Key Resistance Levels:
$2.60: First target & minor resistance
$2.75 - $3.00: Strong historical resistance
📊 Volume Profile:
Volume increasing on price surges, showing buying interest.
If volume spikes on breakout above $2.60, expect stronger upside.
🌎 Correlation with Market Trends:
Bitcoin and major altcoins are seeing bullish momentum, supporting SUI’s upside potential.
4️⃣ Trade Management
🔸 Stop Loss Adjustment:
If price reaches $2.60, move SL to $2.45 (break-even).
If price hits $2.75, tighten SL to $2.60 for secured profits.
🔸 Key Level Monitoring:
If price rejects $2.60 with high volume, consider taking partial profits.
A break below $2.35 could indicate weakness—be cautious!
5️⃣ Final Thoughts
📢 Bias: Bullish 📈
Strong market structure, higher lows, and increasing volume indicate further upside.
EMA crossovers suggest momentum favors buyers.
⚠️ Risks:
A drop below $2.35 invalidates bullish setup.
If BTC faces rejection, SUI could struggle to maintain momentum.
🔥 High-probability setup with well-defined risk. Watch volume for confirmation! 🔥
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