$SUI
Bearish Strategy: How to Turn $7 into $40 with SUI/USDT
Spot Trading Strategy for $SUI:
1. Current Price: $4.6495 (down 2.86%).
2. Entry Point: Wait for a price dip to around $4.20–$4.40 to enter.
3. Target: Look for a short-term drop to $3.50 for buying opportunities. If the market improves, it could bounce back to $6.50.
4. Stop-Loss: Set at $4.00 to limit losses.
Futures Trading Strategy:
1. Leverage: Use 3x–5x leverage to take advantage of the downward movement.
2. Entry Point: Short the position if the price drops below $4.60 and bearish movement is confirmed.
3. Targets: $4.00 for the short-term and $3.50 for the mid-term.
4. Stop-Loss: Set at $4.80 to protect against big losses.
Risk Management:
Split your $7: Use $5 for spot trades and $2 for futures. Keep an eye on volume and support levels to confirm the trend.
By using short positions, you can potentially profit from the bearish movement of SUI. Stay alert and manage risks carefully!