$SUI swing long set-up .
Key Observations:
Ascending Channel: Price is moving within an upward channel, indicating a bullish trend.
Entry Point: The price is near the lower boundary of the channel, which suggests an entry point for a long trade could be around this area, assuming the trend continues.
Take Profit: The green box suggests a take-profit level near 2.4214, which is above the current price and near the top boundary of the channel, aligning with the overall bullish momentum.
Stop Loss: The red box marks a stop-loss area around 1.8266, below the lower boundary of the ascending channel. This would act as protection if the price breaks downward.
Trade Definition:
Entry: Around 2.0350 (current price or near the lower channel).
Take Profit: Around 2.4214 (upper channel resistance or Fibonacci extension).
Stop Loss: Around 1.8266 (below lower channel support).
This setup is focused on buying the dip within the upward trend, assuming the price will continue moving upwards within the channel.
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