$SUI
/USDT: Strong Support, Watch for Possible Upside Breakout๐ฏ๐ฅ๐๐
Market Overview
Current Price: $4.76
24h High: $4.93 (Resistance Zone)
24h Low: $4.54 (Support Zone)
24h Change: +2.08%
Trade Setup
Entry Zone: $4.74 โ $4.78 (Entry range near support levels)
Stop Loss: $4.50 (To safeguard against deeper pullbacks)
Targets to Watch
1. $4.90 โ Initial resistance; consider partial profits here.
2. $5.00 โ Stronger resistance; if price breaks this level, further upside is likely.
3. $5.20 โ A potential breakout target for larger gains.
Risk Management
Risk/Reward Ratio: Aim for a 2:1 or 3:1 ratio.
Portfolio Exposure: Limit exposure to 1-2% to ensure proper risk control.
Market Outlook
SUI/USDT is experiencing a modest rise, with a solid support at $4.54. If it breaks through the resistance at $4.93, it could potentially lead to a more significant rally. Monitor the price action around key levels and use a well-defined risk strategy.
