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Most traders are still buying SUI at 0.7033—here's why they're about to get wrecked.
$SUI /USDT - SHORT
Trade Plan:
Entry: 0.7015 – 0.7051
SL: 0.7205
TP1: 0.6904
TP2: 0.6818
TP3: 0.6688
Why this setup?
4H bias is SHORT with 95% confidence. The 1D trend is bearish, RSI on 15m is already oversold at 37.7, but that's a bear flag, not a reversal. Entry zone 0.7015–0.7051 targets TP1 at 0.6904 (−1.8%) and TP2 at 0.6818 (−3.1%). The ATR is tight at 0.007, meaning the breakdown will be explosive. Why now? Price is rejecting the 0.7033 resistance with momentum fading.
Debate:
Do you think SUI bounces from 0.69 or breaks straight to 0.68 first?