$SUI is currently at a critical juncture. While some interpret current movements as a dip, technical indicators suggest a potential trap signal. Proceed with caution. 📉
$SUI /USDT - SHORT 🔴
**Trade Plan Details:**
Entry: 1.118003 – 1.129197
SL: 1.157183
TP1: 1.090016
TP2: 1.078822
TP3: 1.056433
Our analysis points to a SHORT setup based on the 4H chart's bearish alignment. This is further supported by a broader daily bearish trend. RSI on lower timeframes indicates a lack of significant buying strength.
The defined Entry zone offers a clear path towards TP1 at 1.0900, pending momentum confirmation. The key question remains: Is this the beginning of a larger downtrend, or a transient bear trap before a reversal? Traders should remain vigilant.
Engage with the market responsibly. 👇
