$SUI has just witnessed a significant long liquidation, totaling $7.8063K at a price of $4.09373.
This highlights a critical moment for traders and investors in the $SUI market.
Understanding this liquidation event can shape your strategy moving forward.
Entry Point:
The primary entry point for $SUI is currently established at $4.09373.
This price serves as a key indicator for potential trading opportunities.
Strategists should monitor trends for confirmation of momentum in either direction.
Target:
Targets must be set with precision.
For $SUI, a conservative target is projected around $4.50, considering resistance levels.
Aggressive traders might aim higher, looking towards $5.00 if momentum builds.
Stop Loss:
To protect against adverse movements, a strategic stop loss should be placed around $3.80.
This guardrail offers a safety net against volatility and unexpected downturns.
Win Loss Ratio:
In evaluating the potential win-loss ratio, setting up trades with a 3:1 ratio is advisable.
With a target of $4.50 and a stop loss of $3.80, traders can aim for sustainable profitability.
In conclusion, the current market dynamics surrounding SUI present both challenges and opportunities.
Proceed with caution, and remain vigilant for changing market conditions to enhance your trading strategy.
Investment Disclaimer
Investments are subject to high market risks, including extreme volatility, regulatory changes, and the potential loss of principal. Past performance does not guarantee future results. Always assess your risk tolerance, conduct thorough research, and consult a financial advisor before making any investment decisions.