SUI/USDT Short-Term Trading Strategy
Current Price: 3.2792 USDT
Period: 1 Day
Trading Strategy
Buy Low Strategy (Long Position)
Entry Price Level: 3.180 - 3.220 USDT
Take Profit Price Level: 3.400 - 3.450 USDT
Stop Loss Price Level: 3.150 USDT
Position: 15% of funds
Trading Type: Spot or Contract
Leverage: 3x
Sell High Strategy (Short Position)
Entry Price Level: 3.400 - 3.450 USDT
Take Profit Price Level: 3.220 - 3.180 USDT
Stop Loss Price Level: 3.500 USDT
Position: 15% of funds
Trading Type: Contract
Leverage: 3x
Strategy Logic
Buy Low Strategy (Long Position)
SUI is currently running below the EMA(25) on the 4-hour and daily charts, indicating a short-term weak adjustment, with support in the range of 3.180 - 3.220 USDT. If the price retraces to this range and the RSI stays between 40-50, consider entering a long position, targeting the 3.400 - 3.450 USDT area. If the price falls below 3.150 USDT, strict stop-loss measures should be enforced.
Sell High Strategy (Short Position)
The current price is close to the resistance area of 3.400 - 3.450 USDT, with the daily chart showing that the RSI has not strongly broken above 50, indicating a potential short-term pullback. If the price encounters resistance in this area, and the trading volume does not effectively increase, consider opening a short position, targeting the support level of 3.220 - 3.180 USDT. If the price breaks above 3.500 USDT, a stop-loss should be enforced.