#SUIUSDT #1D (Bitget Futures) Rising wedge near breakdown

Sui got drained from Cetus LP and is about to print a spinning top candle on daily.
A retracement down towards 100EMA / descending trendline support seems likely.

⚡️⚡️ #SUI/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.8%

Current Price:
3.9642

Entry Zone:
3.9947 - 4.2035

Take-Profit Targets:
1) 3.5901
1) 3.2068
1) 2.8235

Stop Targets:
1) 4.5250

Published By: @Zblaba

#1D #SuiNetwork #L2 sui.io

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +49.7% | +87.1% | +124.5%
Possible Loss= -41.6%
Estimated Gaintime= 1-2 months

Order storniert

TP1'd have been reached with +1.2R

Cancelled ❌
Target achieved before entering the entry zone

is breaking the wedge down as anticipated, unfortunately entry was missed by a few cents.

Anmerkung

TP2'd have been reached with +2.1R

Take-Profit target 2 ✅
Profit: none
Period: 9 days ⏰

continued its retracement down to 100EMA almost hitting TP3, good bearish bias it was.

Anmerkung

TP3'd have been reached with +3.0R

Take-Profit target 3 ✅
Profit: none
Period: 23 days ⏰

went for the final target at last, quite a swing short it was.
Congrats if you held until now, time to fully close the trade!

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