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!