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SUI bulls' last chance to escape?
$SUI /USDT - Short SHORT
Trading Plan:
Entry: 0.7167 – 0.7209
SL: 0.7390
TP1: 0.7037
TP2: 0.6936
TP3: 0.6785
Why focus on this structure?
- The 4-hour trend is clearly bearish, and the daily chart confirms the bearish structure.
- The 15-minute RSI is only 37.58, with weak bounces, and bearish momentum is still building.
- The 1-hour ATR is only 0.0084, volatility is low, and the probability of breaking the previous high is low.
- The current price is 0.7188, close to EMA resistance, making it a golden window to set up a SHORT.
Discussion:
Will this move first reach TP1 at 0.7037, or go straight to TP2 at 0.6936?