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SUI: The final celebration for longs? The data has already exposed them.
$SUI /USDT - going short SHORT
Trading plan:
Entry: 0.7295 – 0.7321
SL: 0.7435
TP1: 0.7213
TP2: 0.7150
TP3: 0.7055
Why focus on this structure?
- 4-hour timeframe confirms the short-selling trend, while the daily chart clearly shows a decline.
- Current price is 0.7308; it’s only 0.0095 away from TP1—an astonishing risk-to-reward ratio.
- RSI on the 15-minute chart is 55.26. The short-term rebound has no strength—this is exactly the right time to enter a SHORT.
Discussion:
Will this short reach TP2 first, or will it trigger a stop-out (fake dip) and rebound before dropping again?