Trade Plan for SUI/USDT (4-Hour Chart)
Current Price: $5.1239
Key Levels:
Support: $5.00, $4.90
Resistance: $5.20, $5.35
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Trading Strategy:
Bullish Scenario (Breakout):
Entry: Above $5.15 after a confirmed breakout.
Take Profit:
Target 1: $5.35
Target 2: $5.50
Stop Loss: Below $5.00.
Bearish Scenario (Rejection):
Entry: Below $5.05 after rejection at $5.20.
Take Profit:
Target 1: $4.90
Target 2: $4.75
Stop Loss: Above $5.25.
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Risk Management:
Use a 1:2 risk-to-reward ratio.
Limit risk to 1-2% of your capital per trade.
Note: Watch for volume confirmation to validate breakouts or reversals.
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