$SUI /USDT BULLISH BREAKOUT:
Bull run confirmed š„šÆšÆšØ
take entry as soon as possible and hold it for long term š„
Key Levels:
- Current Price: $5.2840
- Resistance Levels: $5.5000, $6.0000, $6.1966
- Support Levels: $5.0704, $4.7615
Trade Setup:
Long Entry:
- Entry Point: $5.2840
- Take Profit (TP): $6.0000, $6.1966
- Stop Loss (SL): $5.0704
Risk Management:
- Risk/Reward Ratio: 1:3
- Position Size: Adjust according to your risk tolerance, ideally risking no more than 1-2% of your trading capital.
Summary:
We are looking for a long trade on $SUI/USDT due to a bullish breakout above the resistance level of $5.2840. The price has shown strong upward momentum, and the next resistance levels are at $6.0000 and $6.1966. A stop loss is set at $5.0704 to manage risk effectively. This setup offers a favorable risk/reward ratio, making it an attractive opportunity for traders. šš¹
