1. Current Recommended Direction SUI's current strategy has triggered stop-loss, clearly indicating that further long are not recommended. This suggests that the bullish momentum has been exhausted, and short-term upward momentum is insufficient; chasing the rally is not advisable at this time. There is no clear short signal; it is recommended to wait for confirmation in the next round or for a pullback to a lower price level before considering a tentative position. 2. Position and Risk Management Recommendations: We recommend a light position or even trial trading strategy, strictly adhering to stop-loss orders. The stop-loss price has been triggered at $1.378, with a risk-reward ratio of -1.00R. We emphasize quick stop-loss and avoiding overtrading. There is no clear take-profit point; we recommend focusing on short-term, rapid stop-loss orders to avoid the risk of large, heavy positions. 3. Suitable Trading Style: This strategy is more suitable for aggressive short-term traders, emphasizing quick entry and exit, and immediate closing of positions upon triggering stop-loss orders to avoid emotional trading. Currently, there are no clear trend catalysts, so it is not advisable to hold for the medium to long term. Use any rebound as an opportunity to exit and patiently wait for the market to regroup.
SUI: Summary of Discussions in The Lab-cryart Community (03:00:10 ~ 04:00:10)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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