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SUI long positions’ final escape window?
$SUI /USDT - Going short SHORT
Trading plan:
Entry: 0.7433 – 0.7461
SL: 0.7583
TP1: 0.7345
TP2: 0.7277
TP3: 0.7175
Why focus on this setup?
- On the 4-hour timeframe the trend is clearly bearish; the 15-minute RSI is only 45.7, and the rebound lacks strength.
- Current price is 0.7447. If it breaks below the 0.7433 support, the next targets are TP1 at 0.7345 and TP2 at 0.7277.
- Why now? The daily bearish structure hasn’t been broken; a rebound is a good opportunity to short.
Discussion:
Will this SHORT reach TP2, or should we wait for a rebound to lure longs first?