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Most traders just bought SUI at 0.7972—I think they just walked into a trap.
$SUI /USDT - SHORT
Trade Plan:
Entry: 0.7948 – 0.7996
SL: 0.8202
TP1: 0.7799
TP2: 0.7684
TP3: 0.7512
Why this setup?
Why now? The 4h structure is bearish with 95% confidence. RSI on the 15m is neutral at 53.1, giving room to drop. ATR shows tight volatility—break below 0.7948 confirms the slide toward TP1 at 0.7799. No bullish divergence in sight.
Debate:
Do you see a fakeout below 0.79 or a real breakdown to 0.75 first?