IS GOING LONG WORTH IT $SUI NOW?
Let’s analyze the Risk/Reward ratio (R:R) for the current SUI position at 1.0476 (-3.63%):
Suggested Stop Loss: 1.0150 (below the most recent consolidation wick).
Take Profit 1: 1.0567 (MA-99 resistance).
Take Profit 2: 1.0920 (recent high).
24h Volume: 370.91M USDT.
Verdict: A setup with an R:R ratio greater than 1:2.5. It’s a relatively low-risk entry, considering the strong bounce from 0.9927.
Are you placing the order or waiting for it to break above the MA-99? Write your strategy below $SUI #sui #BinanceFutures
Let’s analyze the Risk/Reward ratio (R:R) for the current SUI position at 1.0476 (-3.63%):
Suggested Stop Loss: 1.0150 (below the most recent consolidation wick).
Take Profit 1: 1.0567 (MA-99 resistance).
Take Profit 2: 1.0920 (recent high).
24h Volume: 370.91M USDT.
Verdict: A setup with an R:R ratio greater than 1:2.5. It’s a relatively low-risk entry, considering the strong bounce from 0.9927.
Are you placing the order or waiting for it to break above the MA-99? Write your strategy below $SUI #sui #BinanceFutures