Sui Long term Trade setup
Strategy 1: The "Support Bounce" (Long Trade)
This strategy assumes $1.30–$1.40 is the bottom and you expect a recovery toward the previous highs.
* Entry Point: Around $1.40 (Current Market Price).
* Stop Loss (SL): $1.28.
* Why: This is just below the immediate psychological and technical support of $1.30. If it drops below this, the trend is confirmed bearish and you want to get out.
* Take Profit (TP):
* TP 1: $1.70 (Short-term recovery target).
* TP 2: $2.10 (Major psychological resistance and mid-range target).
* Risk/Reward: Roughly 1:5. You risk about $0.12 to potentially gain $0.70.
Strategy 2: The "Breakdown Follow" (Short Trade)
This strategy assumes the downtrend is too strong and the price will fall to the next major historical floor.
* Entry Point: On a confirmed break below $1.30.
* Stop Loss (SL): $1.45.
* Why: If the price climbs back above $1.45, the "breakdown" was likely a fake-out.
* Take Profit (TP):
* TP 1: $1.10 (Intermediate liquidity zone).
* TP 2: $0.80 (Major structural support from early 2024).
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