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$SUI Long Trade Signal With Price Action
Trend Analysis: SUI is respecting the trend lines on the 4-hour chart, indicating a strong uptrend 📈
Entry: Long position between 0.64 and 0.75 📊
Stop Loss (SL): 0.40 (below recent low) 🛑️
Target 1: 0.90 (18% above entry range) 🎯
Target 2: 1.10 (35% above entry range) 🚀
Recent Low: 0.75 (support level) 🔒
Recent High: 0.86 (resistance level) 🔝
Risk-Reward:
- Risk: 15% (SL to entry range) ⚠️
- Reward: 18% (Target 1) to 35% (Target 2) 📈
- Risk-Reward Ratio: 1.2:1 (Target 1) to 2.3:1 (Target 2) 📊
Strategy:
- Buy SUI within the entry range (0.64-0.75) 🛍️
- Set stop loss at 0.40 to limit potential losses 🛑️
- Take profits at Target 1 (0.90) and Target 2 (1.10) 🎉
- Monitor the 4-hour chart for price movements and adjust the trade plan as needed 🔍
Disclaimer: This is a hypothetical trade plan and not personalized investment advice. Always do your own research and consider your risk tolerance before making trades. 🚨
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