Dare you take on the SUI short trap?



$SUI /USDT - SHORT

Trading plan:
Entry: 0.7241 – 0.7271
SL: 0.7402
TP1: 0.7146
TP2: 0.7073
TP3: 0.6963

Why focus on this structure?
- The 4H bearish trend is clear; RSI on the 15-minute timeframe is 57.82 and hasn’t hit overbought, and the short-term rebound lacks strength.
- Entry reference at 0.7256; TP1 at 0.7146, TP2 at 0.7073; stop loss at 0.7402; the risk-reward ratio is above 2:1.
- Why now? 1D is bearish + high confidence at 95%; this is a good time to short during a rebound.

Discussion:
Will this wave reach TP2 first, or will it trap buyers with a rebound pullback to 0.7368?
SUI-0.41%
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134Ceros
· 3h ago
These guys short SUI this time are really taking a risk, but the 4H structure with the RSI is indeed weak, so it’s not certain the rebound can be strong.
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