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SUI bulls still holding on? The 4-hour death cross has been confirmed.
$SUI /USDT - SHORT
Trade Plan:
Entry: 0.7188 – 0.7218
SL: 0.7346
TP1: 0.7096
TP2: 0.7025
TP3: 0.6917
Why this structure?
• Daily trend is clearly bearish, the 1-hour EMA 0.7203 is the current resistance. A bounce to this level is an entry point for shorts.
• RSI 15-min at 53.4, bullish momentum fading, making it the right time to add to SHORT positions.
• Targets TP1 0.7096, TP2 0.7025, stop loss placed above 0.7346, risk-reward ratio over 3:1.
Discussion:
Are you waiting for TP2 to take profit on this short, or reducing position at 0.7188?