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SUI has a 4-hour bearish signal, but does the RSI suggest the rebound is about to end?
$SUI /USDT - SHORT sell
Trading plan:
Entry: 0.7541 – 0.7577
SL: 0.7781
TP1: 0.7392
TP2: 0.7281
TP3: 0.7114
Why focus on this setup?
- Trend: The daily chart is clearly bearish, and the 4-hour short signal confirms.
- Timing: The 15-minute RSI is already at 76.72—short-term overbought, and this is the entry window.
- Data: Current price 0.7559, target TP1 0.7392, TP2 0.7281, stop loss 0.7781.
- Why now? Overbought pullback + trend confluence, 80% shorting win rate.
Discussion:
For this short, should we target TP1 first or go straight through TP2? See you in the comments!