🚀 SUI/USDT Trade Plan: Strategic Insights and Levels to Watch! 🔥
SUI/USDT is trading at $4.9020, showing bullish momentum as it approaches critical resistance levels. Here's a concise trade plan to navigate the market effectively.
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Key Levels to Watch
Support Zones: $4.70, $4.50
Resistance Zones: $5.00, $5.20
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Trading Strategy
📈 Bullish Scenario
Entry: Breakout above $5.00
Targets: $5.20, $5.50
Stop Loss: $4.85
📉 Bearish Scenario
Entry: Breakdown below $4.70
Targets: $4.50, $4.30
Stop Loss: $4.80
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Indicators to Monitor
RSI: Watch for overbought signals near $5.00.
Volume: Look for strong volume to confirm breakout/breakdown.
EMA: Use 20 EMA for short-term trend confirmation.
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Risk Management
Risk only 1-2% of your portfolio per trade.
Ensure a risk-reward ratio of 1:2 or better.
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With the price nearing resistance, the coming sessions could decide the trend. Are you ready to make your move? Share your thoughts below! 🚀
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