Trading Plan Short $SUI
$SUI tapped the 1h EMA200 after a liquidity sweep above 0.6879, now showing distribution.
Entry: $0.6820-$0.6900
Stoploss: $0.6980
Targets: $0.6700 / $0.6550 / $0.6300
SUI saw smart money distribute into yesterday's pump, confirmed by the 1h deviation above 0.6879. Taker sell volume is aggressive, and OI is bleeding 4.37% over 24h as retail longs pile in. This looks like a classic LPSY after a weak rally. BB width is contracting, setting up a potential downside expansion. Reclaim $0.6980, short voided.
Trade $SUI here 👇
$SUI tapped the 1h EMA200 after a liquidity sweep above 0.6879, now showing distribution.
Entry: $0.6820-$0.6900
Stoploss: $0.6980
Targets: $0.6700 / $0.6550 / $0.6300
SUI saw smart money distribute into yesterday's pump, confirmed by the 1h deviation above 0.6879. Taker sell volume is aggressive, and OI is bleeding 4.37% over 24h as retail longs pile in. This looks like a classic LPSY after a weak rally. BB width is contracting, setting up a potential downside expansion. Reclaim $0.6980, short voided.
Trade $SUI here 👇