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SUI’s long’s last line of defense has been broken—4H bears are about to crush it
$SUI /USDT - Go SHORT
Trading plan:
Entry: 0.7491 – 0.7515
SL: 0.7616
TP1: 0.7418
TP2: 0.7361
TP3: 0.7276
Why focus on this structure?
- The 1D trend is clearly bearish, and the 4H short signal strength is as high as 95%
- Current price 0.7503 is pressing against EMA resistance; the 15M RSI 57.98 is not overbought, and bearish momentum hasn’t been released
- Why now? Once the 0.7457 support is lost, it will accelerate toward TP1 0.7418, with SL 0.7616 providing tight risk control
Discussion:
Do you think SUI will directly break through TP2 0.7361, or will it first bounce to lure longs before a further plunge?