#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

הפקודה בוטלה

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.

הערה

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.

הערה

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!

TradingOn

Always manage risk, respect leverage & position size!

Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)

Don't hesitate to send DM for more info.

גם ב:

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.

TradingOn

גם ב: