š $SUI /USDT: Bounce Opportunity at Key Demand Zone! š
$SUI is currently testing a crucial Local Demand Zone (0.93 ā 0.92) after a steady sell-off on the 1H chart. If this level holds, we could see a sharp recovery from here.
š TRADING PLAN (Long):
Entry Zone: 0.920 ā 0.940 š©
Stop Loss: Below 0.905 š (Strict Risk Management)
šÆ TAKE PROFIT TARGETS:
šÆ 0.965 (Initial Resistance)
šÆ 0.995 (Trend Confirmation)
šÆ 1.025 (Local Highs Re-test)
š” MARKET INSIGHTS:
Technical Structure: RSI is near oversold territory, indicating a potential technical bounce.
Key Support: The 0.92 level is a "Must-Hold" zone for buyers.
Downside Risk: If 0.92 fails, the price could drop to grab liquidity down to 0.89 ā 0.87.
ā PRO TIPS:
Book your profits in parts (Scaling out).
After TP1 is hit, move your Stop Loss to entry (Break-even).
Keep leverage low considering market volatility.
ā ļø Important Note (DYOR): Always do your research before taking trades. The crypto market is volatile, so only invest what you can afford to risk.
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What do you think? Will SUI bounce from here or go deeper down? š
#SUI #SuiNetwork #CryptoTrading #TechnicalAnalysis #LongSetup