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SUI longs’ final escape window?
$SUI /USDT - going short SHORT
Trading plan:
Entry: 0.7462 – 0.7482
SL: 0.7568
TP1: 0.7400
TP2: 0.7352
TP3: 0.7280
Why focus on this setup?
- The 1-day trend is clearly bearish, with a 95% confidence SHORT signal on the 4H timeframe
- RSI on the 15-minute chart is 63.11; a near-overbought bounce in the short term is the prelude to further downside
- The current area around 0.7472 is an EMA resistance zone; below it, TP1=0.7400 and TP3=0.7280
- SL is set at 0.7568; the risk-reward ratio is excellent—why not position now?
Discussion:
Will this push to 0.7400 break down directly, or will it first rebound to lure longs before a waterfall drop?