Dec. 11 at 11:18 PM
Actionable Trade Alert for
$SUI:
Market Context:
$SUI is currently trading at
$124.73, positioned between its 60D high of
$131.5 and low of
$118.56. The RSI of 48.45 indicates a neutral momentum, suggesting potential for upward movement as it approaches the mid-range.
Directional Bias: The price is below both the 30-day MA (126.21) and 50-day MA (125.5), indicating a bearish short-term trend. However, the proximity to the 60D low suggests a possible reversal opportunity.
Trade Plan:
- Suggested Entry:
$125.00 (slightly above current price to confirm upward momentum)
- Stop Loss:
$121.50 (below recent support)
- Take Profit Targets:
1.
$128.00 (target 1, approx. 2.4% gain)
2.
$130.00 (target 2, approx. 4% gain)
3.
$146.00 (target 3, approx. 17% gain)
This plan aims for a significant ROI with a conservative risk approach. Monitor market conditions closely for any adjustments.
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