$SUI /USDT Short Trade Setup: Precision Play! 🔥💯
1. Entry Zone: $4.30 - $4.32
2. Stop Loss (SL): $4.48 (just above key resistance)
3. Take Profit 1 (TP1): $4.15 (recent support level)
4. Take Profit 2 (TP2): $4.00 (major psychological level)
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Analysis:
Trend: Clear downtrend with a bearish breakout below the $4.35 level.
Momentum: 30-minute chart highlights weakening bullish attempts and failed recoveries.
Support Levels: Immediate short-term support sits at $4.20, but further downside toward $4.00 is likely.
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Risk Management:
Position Sizing: Avoid overexposure—calculate position size carefully based on overall portfolio.
Dynamic SL Adjustment: Move SL to breakeven after reaching TP1 to lock in profits while reducing risk.
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Market Outlook:
Persistent rejection at $4.35 suggests stronger bearish pressure. A confirmed break below $4.20 could trigger a move toward the $4.00 psychological level. Watch for high volume and strong bearish momentum for added confirmation.
Reminder: Stick to your plan, avoid emotional trading, and prioritize discipline!