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SUI bulls' last chance to escape?
$SUI /USDT - SHORT
Trading Plan:
Entry: 0.7175 – 0.7203
SL: 0.7319
TP1: 0.7092
TP2: 0.7027
TP3: 0.6929
Why watch this structure?
- Clear bearish signal on the 4-hour level, trend remains bearish on 1D, EMA resistance is effective
- RSI 15m at 55.32, weak bounce, bearish momentum about to be released
- Current price 0.7188 is close to the entry zone, SL risk is only 2%, TP1 is 1.3% from current price
Discussion:
Go SHORT directly at 0.7189, or wait for a bounce to 0.7203 before entering?