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SUI bulls’ final frenzy? Hidden danger in the 4-hour chart.
$SUI /USDT - go short SHORT
Trading plan:
Entry: 0.7443 – 0.7463
SL: 0.7548
TP1: 0.7382
TP2: 0.7334
TP3: 0.7263
Why focus on this structure?
- The 1-day trend is clearly bearish, and the 4-hour direction is SHORT, with 95% confidence.
- Current price is 0.7453, right under EMA resistance; RSI on the 15m timeframe is already at 60.73, and the rebound is nearing exhaustion.
- Why now? Wait for confirmation to enter; if it breaks below 0.7443, the shorts will accelerate to TP1 at 0.7382.
Discussion:
Will this move first hit TP2 at 0.7334, or will it trigger SL at 0.7548 and then dump?