📊 Key Insights:
Upcoming Event: SUI conference in Paris this week may lead to a "buy the rumor, sell the news" scenario.
Price Watch: Monitoring price action within the current zone for potential indications of movement.
Bullish Signals: Price closing above $1.70 could signal a move towards the top of the range and potentially into price discovery.
Trade Parameters: Entry set between $1.60 to $1.73 with defined profit targets and stop loss.
📈 Updated Trade Plan:
Entry: Consider entering the trade between $1.60 to $1.73, based on price action and signals.
Take Profit: Target profit levels at $1.95 or $3, based on the potential move triggered by the SUI conference.
Stop Loss: Set a stop loss at $1.55 to manage downside risk and protect capital.
📈🔍 Outlook: With the SUI conference expected to influence market sentiment, traders should closely monitor price movements and act accordingly. The trade plan provides clear entry, profit targets, and risk management strategies for potential opportunities presented by the event. 🚀📊 #SUI #TradeOpportunity
Upcoming Event: SUI conference in Paris this week may lead to a "buy the rumor, sell the news" scenario.
Price Watch: Monitoring price action within the current zone for potential indications of movement.
Bullish Signals: Price closing above $1.70 could signal a move towards the top of the range and potentially into price discovery.
Trade Parameters: Entry set between $1.60 to $1.73 with defined profit targets and stop loss.
📈 Updated Trade Plan:
Entry: Consider entering the trade between $1.60 to $1.73, based on price action and signals.
Take Profit: Target profit levels at $1.95 or $3, based on the potential move triggered by the SUI conference.
Stop Loss: Set a stop loss at $1.55 to manage downside risk and protect capital.
📈🔍 Outlook: With the SUI conference expected to influence market sentiment, traders should closely monitor price movements and act accordingly. The trade plan provides clear entry, profit targets, and risk management strategies for potential opportunities presented by the event. 🚀📊 #SUI #TradeOpportunity