Trading Signal: SUI/USDT - Day 1
After a strong breakout, SUI has approached the important resistance level at $1.8. However, a correction is needed for the market to rebalance. Currently, the notable support level is at $1.61.
Futures trading strategy for today focuses on SHORT position with the following important levels:
Futures Signals:
- Pair: SUI/USDT SHORT
- Leverage: X10
- Entry 1: $1.70
- Entry 2: $1.82
- Average price: $1.76
Risk Management:
- Stop Loss: $1.8786 (-67%)
- Take Profit 1: $1.55
- Take Profit 2: $1.33
- Take Profit 3: $1.17
RR (Risk/Reward) Ratio:
- RR 1: 1/1.80 | +119%
- RR 2: 1/3.60 | +244%
- RR 3: 1/5.00 | +335%
My prediction is that SUI price will drop to profit taking levels after this correction. If you agree, follow the market developments in the coming hours and share your predictions!