#First Trade of the Week

I chose the SUIUSDT perpetual contract as the target for the public plan this Monday. Currently, my position is long with 10x leverage, entry price at 0.9407 USDT, current price at 0.9418 USDT, floating profit and loss +1.23%, still holding.

Market Analysis and Judgment

From the hourly chart, SUI has formed a relatively stable support level around 0.93 USDT after the previous decline. The price did not break down after touching the low, but instead showed a series of small bullish candles pushing upward, with the low point gradually rising from 0.928 to 0.935 USDT, maintaining a complete short-term bullish structure.

Regarding technical indicators, the 4-hour MACD shows a bullish crossover pattern below the zero line, with the histogram turning from green to red and gradually increasing, indicating weakening bearish momentum. The bulls are attempting to dominate the short-term trend. If the price can stay above 0.94 USDT, the next resistance zone is around the 0.98 - 1.00 USDT area with high trading volume.

A macro risk to watch out for is the correlation with the BTC market. If Bitcoin drops sharply again, SUI is likely to follow and retest lower levels. Therefore, I focus on the 0.925 USDT support level. As long as it does not break below this level effectively, the bullish pattern remains intact.

Specific Trading Plan

Based on the above analysis, my position and subsequent actions are as follows:

· Position logic: Hold the current floating profit position without action. If the price retraces near 0.935 USDT and no significant volume decline signals appear, I will consider adding a small position to lower the average cost and expand potential profit space.
· Take profit target: Set the first take profit at 0.980 USDT. Upon reaching it, reduce one-third of the position to lock in profits; move the stop-loss of the remaining position near the entry price, and aim for the second target at 1.020 USDT (previous high area).
· Stop-loss defense: If the price effectively breaks below 0.925 USDT, I will manually close the position to protect the principal.

Current Status

Currently, floating profit is +1.23%. Everything is being executed according to the plan. Next, I will closely monitor SUI consolidating around 0.94 and whether the BTC market provides clear directional signals.

The market is always full of variables. The purpose of the public plan is not to guarantee profits but to record ideas and share logic. Regardless of whether the subsequent trend meets expectations, I will update position changes and review thoughts within the community.

Just get ready 🎉, jump in quickly! 📈 Believe in HODL 💪 Sit tight and hold steady, take off soon!
#本周第一单