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SUI was just rejected at 0.8313 — this 4-hour pattern is loudly signaling a 7% drop.
$SUI /USDT - Short
Trading plan:
Entry: 0.8280 – 0.8348
Stop loss: 0.8638
First target: 0.8071
Second target: 0.7908
Third target: 0.7665
Why choose this pattern?
• Despite the daily chart still being bearish, I have 95% confidence in a short bias.• The 15-minute RSI is at 50, indicating no overbought protection — there’s still room to fall.• The first target at 0.8071 is a clean -2.9% move; the second target at 0.7908 is -4.9%.
Debate:
Is this the perfect short entry point before the next decline, or did we get a false breakout at the 4-hour resistance level?