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SUI 4-hour chart shows a death cross out of the blue—shorts have already set up with a 95% win rate?
$SUI /USDT - SHORT sell
Trading plan:
Entry: 0.7519 – 0.7551
SL: 0.7685
TP1: 0.7423
TP2: 0.7348
TP3: 0.7235
Why focus on this setup?
- The 1D trend is clearly bearish, and the 4H cycle has a strong short signal with 95% strength.
- RSI on the 15-minute chart is only 42.69; any rebound lacks strength, and short momentum hasn’t been released.
- ATR on the 1H is 0.006249; volatility is moderate and suitable for catching the trend.
- Current price is 0.7535; TP1 is just 1.5% away, TP2 at 0.7348, with an enticing risk-reward ratio.
- Why now? The EMA moving averages have just started to diverge; the short entry point of 0.7535–0.7551 is precisely positioned, and the stop-loss at 0.7685 is clearly defined and manageable.
Discussion:
On this leg for the shorts, do you take profit at TP2 before exiting, or do you reverse to go long mid-way to bet on a rebound?