$SUI Trading Strategy Update

🔎 Key Insight:

A long liquidation of $16.55K occurred at $4.88926, showing significant selling pressure. However, a recovery may be possible if the price holds key support levels, offering an attractive trading setup.

📈 Next Move - Buy Zone, Target & Stop Loss

1️⃣ Buy Zone:

Enter between $4.85 - $4.90. This range aligns with support and offers a low-risk entry for a potential rebound.

2️⃣ Target Levels:

Target 1: $5.00 (initial resistance)

Target 2: $5.15 (mid-level target)

Target 3 (Stretch Goal): $5.30

3️⃣ Stop Loss:

Set a stop loss at $4.80 to protect against further downside in case support fails.

💡 Strategy Insights:

Volume Confirmation: Look for a spike in buying volume near $4.89 to confirm a potential reversal.

Risk Management: Allocate only a portion of your capital, and avoid over-leveraging your position.

Market Context: Monitor overall crypto market trends, as they often influence $SUI price movements.

🚨 Pro Tips for Success:

Stick to Your Plan: Wait for the price to stabilize in the buy zone before entering a trade.

Take Gradual Profits: Lock in gains at $5.00 and $5.15 while targeting $5.30 for extended profits.

Set Alerts: Use alerts for $4.90 and $5.00 to monitor movements without needing constant attention.

Discipline and patience are the keys to successful trading. Stick to your strategy, manage risks effectively, and let the market work for you!

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