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SUI shorts are lying in wait—around 0.76 is that the trap?
$SUI /USDT - SHORT sell
Trading plan:
Entry: 0.7572 – 0.7604
SL: 0.7794
TP1: 0.7434
TP2: 0.7331
TP3: 0.7176
Why focus on this structure?
- The daily trend is clearly bearish; the 4-hour EMA is moving downward under pressure.
- RSI on the 15-minute chart is 55.81—rebounds lack strength, suitable for shorting on rallies.
- Current 0.7588 is close to the resistance zone; the entry point is precise, with TP2 targeting 0.7331.
Discussion:
Is this move first hitting TP2 and then rebounding, or directly stabbing to bait a long?