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SUI short signal—do you dare to follow it?
$SUI /USDT - go short SHORT
Trading plan:
Entry: 0.7606 – 0.7638
SL: 0.7778
TP1: 0.7505
TP2: 0.7427
TP3: 0.7310
Why focus on this structure?
- On the 4-hour timeframe, the bearish trend is clear. RSI on the 15-minute chart is already 68.63, in the overbought zone.
- The 1-day trend is bearish. The current price 0.7622 is near EMA resistance—this is the entry point.
- Why now? High confidence 95%. TP1 0.7505, TP2 0.7427, SL 0.7778, and the risk-reward ratio is tempting.
Discussion:
Will it hit TP2 first or lure more upside before a rebound? Which side are you on?