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SUI bulls’ final frenzy?
$SUI /USDT - short SHORT
Trading plan:
Entry: 0.7558 – 0.7588
SL: 0.7721
TP1: 0.7462
TP2: 0.7388
TP3: 0.7277
Why watch this structure?
- The 1-day trend is clearly bearish, 95% confidence to short.
- The 15-minute RSI is only 61.5, not overbought, but 4h-level EMA is clearly suppressing price.
- Around 0.7573, TP1 is at 0.7462, with a reward-to-risk ratio close to 2:1.
- Why now? The shorts are building momentum, waiting for a breakout breakdown with volume expansion.
Discussion:
Will this move reach TP2 0.7388 first, or will it be a bull trap with a rebound to 0.7684?