#SUIUSDT #1D (Bitget Futures) Rising wedge near breakdown

Sui got drained from Cetus LP and is about to print a spinning top candle on daily.
A retracement down towards 100EMA / descending trendline support seems likely.

⚡️⚡️ #SUI/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.8%

Current Price:
3.9642

Entry Zone:
3.9947 - 4.2035

Take-Profit Targets:
1) 3.5901
1) 3.2068
1) 2.8235

Stop Targets:
1) 4.5250

Published By: @Zblaba

#1D #SuiNetwork #L2 sui.io

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +49.7% | +87.1% | +124.5%
Possible Loss= -41.6%
Estimated Gaintime= 1-2 months

Order cancelled

TP1'd have been reached with +1.2R

Cancelled ❌
Target achieved before entering the entry zone

is breaking the wedge down as anticipated, unfortunately entry was missed by a few cents.

Note

TP2'd have been reached with +2.1R

Take-Profit target 2 ✅
Profit: none
Period: 9 days ⏰

continued its retracement down to 100EMA almost hitting TP3, good bearish bias it was.

TradingOn

Also on:

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.

TradingOn

Also on: