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SUI bulls lurking, shorts about to be liquidated?
$SUI /USDT - LONG
Trading Plan:
Entry: 0.6996 – 0.7034
SL: 0.6776
TP1: 0.7194
TP2: 0.7314
TP3: 0.7493
Why focus on this structure?
- 4H LONG signal, 84% high confidence, currently entering at 0.7015.
- RSI 15-min oversold (36.45), strong short-term rebound momentum.
- 1H EMA support at 0.6996, TP1 target 0.7194 (+2.5%).
- Note: Daily trend is bearish, but 4H reversal signal is earlier.
- Why now? RSI bouncing from low, combined with low ATR volatility (0.0077), high probability of breaking previous high.
Discussion:
Will this SUI reach TP2 (0.7314) first, or fake breakout and retrace to SL?