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Most traders are still longing SUI while the daily trend is screaming bearish.
$SUI /USDT - SHORT
Trade Plan:
Entry: 0.7996 – 0.8040
SL: 0.8298
TP1: 0.7808
TP2: 0.7668
TP3: 0.7459
Why this setup?
Why now? The 4h structure is SHORT with 80% confidence. RSI on 15m sits at 61.81—still room to drop before oversold. ATR on 1h is tight at 0.0089, suggesting a breakout is imminent. Entry ref at 0.8018 with TP1 at 0.7808 gives a clean 2.6% risk-to-reward.
Debate:
Are you waiting for a retest of 0.8040 or shorting the breakdown below 0.7996?