$SUI / USDT Breaking out from descending channel formation | AltcoinOrbit в Binance Square

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$SUI / USDT
Breaking out from descending channel formation ( Bullish )
if Price holds above the trendline then, we can expect a good upward move upto 3.75$
Keep an eye on it. #SUI🔥 

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📈 What a Week! 📈 ($BTC , $ETH ,$FET ) Over the past week, I’ve shared multiple charts that are now up by 20-50%! I hope many of you had the opportunity to capitalize and make some good gains. It's been an exciting week analyzing and sharing insights on Binance Square, and I’m genuinely thrilled to see those charts helping some of you profit. Check out my previous posts. 💡 Trading Tips to Remember: Stay Smart: Always look for the right entry based on solid technical analysis. Avoid FOMO: Don’t chase tokens at their peak; wait for pullbacks or confirmation signals. Be Patient: There are plenty of opportunities ahead with tokens yet to break out. 🔹 Suggested Strategy: 1. Entry Criteria: Use confirmation indicators like bullish engulfing candles, breakouts above resistance, or retests of key support levels. 2. Position Size: Allocate 2-5% of your portfolio per trade to manage risk. 3. Stop Loss Placement: Below recent swing lows or a fixed percentage of your capital. 4. Profit-Taking: TP1: Partial profit at the first resistance level. TP2: Move stop loss to breakeven and let profits ride. 5. Risk Management: Always have a clear plan before entering a trade. Adjust stop losses and take profits based on market conditions. ⚠️ Important Reminder: Set your entry and take profit orders to lock in gains and manage risks. Volatility Alert: Expect market fluctuations; ensure tight risk management is in place. Stay safe, trade wisely, and let’s keep the momentum going! 🚀

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