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SUI’s 0.7482 is a trap door—95% of short setups like this one don’t fake out twice.
$SUI /USDT - SHORT
Trade Plan:
Entry: 0.7448 – 0.7516
SL: 0.7805
TP1: 0.7240
TP2: 0.7078
TP3: 0.6836
Why this setup?
- 4h trend is bearish, and the 1h RSI at 45.74 still has room to drop before oversold.
- ATR on 1h is tight (0.013), suggesting a breakout is imminent—likely downward to TP1 at 0.7240.
- Entry is armed at 0.7482 with a 3.2% risk-to-reward on the short side.
Debate:
If SUI breaks below 0.7448, do you add to the short or wait for a retest of 0.7482 first?