SUI has retraced into a major support zone that has historically provided strong bullish reactions. We're watching the $1.45–$1.50 range as a key accumulation area for a laddered long spot position.
📈 Trade Plan:
Entry Zone: $1.45 – $1.50
Take Profit Targets:
• TP1: $1.65 – $1.95
• TP2: $2.20 – $2.50
Stop Loss: Below $1.30 (invalidates support structure)
This setup offers a favorable risk-reward profile as long as the $1.30 level holds. Watching closely for volume confirmation and potential bullish divergence before fully sizing in.
📈 Trade Plan:
Entry Zone: $1.45 – $1.50
Take Profit Targets:
• TP1: $1.65 – $1.95
• TP2: $2.20 – $2.50
Stop Loss: Below $1.30 (invalidates support structure)
This setup offers a favorable risk-reward profile as long as the $1.30 level holds. Watching closely for volume confirmation and potential bullish divergence before fully sizing in.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.