$SUI #USUALBullRun

Chart Analysis

The chart you've provided shows the daily price action of SUI against TetherUS (USDT).

Key Observations:

Upward Trend: The overall trend appears to be bullish, with the price making higher highs and higher lows.
Consolidation: The price has been consolidating within a range for the past few days.
Breakout Potential: The upper boundary of the consolidation range acts as a potential resistance level. A decisive break above this level could signal a bullish breakout.

Long Trade Setup

Entry:

Wait for a clear break above the upper boundary of the consolidation range.
Place an entry order at the market price once the break is confirmed.

Stop-Loss:

Place a stop-loss order below the recent swing low to limit potential losses. This level should be determined based on your risk tolerance and the overall market volatility.

Take-Profit:

Set your take-profit targets based on your risk-reward ratio and technical analysis. Consider using a combination of trailing stops and pre-determined price targets.

Risk Management:

Position Sizing: Adjust your position size based on your risk tolerance and account size.
Market Conditions: Be mindful of overall market conditions and avoid trading during periods of high volatility or uncertainty.

Additional Considerations:

Volume: Monitor trading volume to confirm the strength of the breakout. Higher volume typically indicates stronger conviction.
Support and Resistance: Identify key support and resistance levels to help you manage your trade and set profit targets.
News and Events: Keep an eye on any news or events that could impact the price of SUI.