Pair: SUIUSDT
Time Frame: 1D
The SUI coin is currently in a one-year bearish trend. It is now in a range box on the daily time frame between 0.6711 and 0.8516. A breakout above the resistance level of 0.8516, which I have marked with a red line, could initiate an upward movement.
If it stabilizes above this resistance, we can take long positions targeting price levels of 0.9000, 1.0438, and 1.3287, which I have indicated with green lines, potentially achieving price increases between 5% to 50%.
However, proper capital management and risk management are crucial because the trend for this coin is bearish, and there is always a possibility of fakeouts and stop losses in all positions. Therefore, it is essential to have stop-loss orders in place and to adhere to capital management practices.
Time Frame: 1D
The SUI coin is currently in a one-year bearish trend. It is now in a range box on the daily time frame between 0.6711 and 0.8516. A breakout above the resistance level of 0.8516, which I have marked with a red line, could initiate an upward movement.
If it stabilizes above this resistance, we can take long positions targeting price levels of 0.9000, 1.0438, and 1.3287, which I have indicated with green lines, potentially achieving price increases between 5% to 50%.
However, proper capital management and risk management are crucial because the trend for this coin is bearish, and there is always a possibility of fakeouts and stop losses in all positions. Therefore, it is essential to have stop-loss orders in place and to adhere to capital management practices.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.