Technical analysis by Ryan_Does_Trading about Symbol SUI: Buy recommendation (12/15/2024)

I basically found a perfect entry right when the reversal began on the 4hr chat. From my graph, you can see the clear support level, where the price bounced off of it twice already. If it were to break this support level that would be a different story, but since I saw it only bounced off of it, thats when i knew this was going to be a perfect entry. So I entered at 4.36 and has a SL at 4.35. I knew there wasn’t going to be a dip to the downside, and if it did, I wouldn’t want to be in the trade anyway.So perfect entry, now what about profits?Looking at the entry, I decided to put my TSLA at 4.425 Based off the 30 minute Time frame to lock in my profits since im already in the green. Since I had such a perfect Entry, The profit on this could be like a 20x. Depending on how far this goes in my favor. We’ll watch the charts and see how it goes.YOU CAN STILL ENTER LONG. JUST BE READY TO HAVE A STOP LOSS AT 4.5