♠️ SUI/USDT 24-hour trading strategy analysis ♠️
Current price: 1.147 USDT
♣️ Market background:
As an emerging smart contract platform, SUI has performed strongly recently and its price has shown an upward trend.
♦️ Technical Analysis:
• Major Support Level: 1.135 USDT
• Major Resistance Level: 1.211 USDT
• The cumulative short order liquidation strength at 1.283 reached 9.0551 million, which is an important focus
♥️ Trading Strategy:
Long:
• Entry: 1.147 - 1.160 USDT
• Target: 1.211 USDT (+5.6%), 1.249 USDT (+8.9%)
• Stop Loss: 1.135 USDT (-1.0%)
Short:
• Entry: 1.211 - 1.249 USDT
• Target: 1.147 USDT (-5.3%), 1.135 USDT (-6.3%)
• Stop Loss: 1.283 USDT (+2.7%)
🃏 Risk Management:
• Control the risk of a single transaction within 2%
• It is recommended to use a leverage of less than 10 times
• Pay close attention to the liquidation of short orders near 1.283
♠️Market Outlook:
• SUI has shown a strong upward trend recently, and the green K-line shows that the buying power continues
• 1.211 is an important resistance level in the near future, and a breakthrough may trigger further increases
• A large number of short orders are concentrated at 1.283. If the price approaches this position, it may cause short-term violent fluctuations
• The overall trend is bullish, but it is recommended to operate cautiously near key positions and set reasonable stop-profit and stop-loss
