$SUI
♠️ SUIUSDT trading signal
🟡 Neutral bullish signal
Entry price: 1.535 (current price)
Stop loss: 1.504 (-2.00%)
Profit target:
1. 1.558 (+1.50%)
2. 1.581 (+3.00%)
3. 1.604 (+4.50%)
4. 1.627 (+6.00%)
Reason:
1. The current price is at the intersection of long and short positions, but the bulls have a slight advantage.
2. There are a lot of 50x and 25x long orders in the 1.52-1.53 range, forming strong support.
3. The short orders in the 1.55-1.57 range above are relatively scattered, and there is a large breakthrough space.
4. The 24-hour candlestick chart shows that the price is consolidating in the bottom area and there are signs of stabilization.
Notes:
1. It is recommended to use a small position, with a maximum of no more than 2% of the total funds.
2. Pay close attention to the 1.55 resistance level, and consider adding a small position after breaking through.
3. Adopt a step-by-step profit-taking strategy and reduce a portion of the position at each target price.
4. If it falls below 1.52, consider exiting the market early with a stop loss.