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Everyone is bullish on SUI—here’s why I’m betting against them at 0.7366.
$SUI /USDT - SHORT
Trade Plan:
Entry: 0.7337 – 0.7395
SL: 0.7644
TP1: 0.7158
TP2: 0.7019
TP3: 0.6811
Why this setup?
4h chart is screaming bearish with 95% confidence. RSI on 15m is 34.19, already in oversold territory—but the 1D trend is still down. Why now? Price is rejecting at the 0.7365 resistance level (1h pivot), and ATR shows low volatility—meaning a breakout below 0.7337 could trigger a fast drop to TP1 at 0.7158. The alt scenario is invalid unless we break 0.7395.
Debate:
Are you shorting SUI here or waiting for a bounce to 0.7395 to enter?