🔴 $SUI SHORT SETUP – SELLERS STILL IN CONTROL! 🐻
SUI is facing resistance around $0.804, and sellers need to defend this level to maintain bearish momentum.
Despite rising AI activity and Google Cloud joining the SUI ecosystem, the technical structure still favors sellers.
📊 TRADE SETUP: SHORT
🔴 Entry: $0.8013 – $0.8037
🎯 TP1: $0.7938
🎯 TP2: $0.7880
🚀 Final TP: $0.7794
🛑 Stop Loss: $0.8170
📉 Technical Analysis:
- Price is trading below the 4H EMA50 at $0.839.
- Daily price remains below EMA200 at $0.912.
- The broader trend remains bearish.
- $0.804 is the key resistance to watch.
⚠️ Important: If buyers break above resistance, bearish momentum could weaken and trigger a recovery.
Risk to SL: approximately 1.8%.
Potential reward to TP3: approximately 2.9%.
Risk/Reward: around 1.6R.
My strategy: Wait for rejection at resistance. No chasing entries.
$AKE
$AGT
#SUI #CryptoTrading #SHORT #BinanceSquare
DYOR | NFA. Always manage your risk.
SUI is facing resistance around $0.804, and sellers need to defend this level to maintain bearish momentum.
Despite rising AI activity and Google Cloud joining the SUI ecosystem, the technical structure still favors sellers.
📊 TRADE SETUP: SHORT
🔴 Entry: $0.8013 – $0.8037
🎯 TP1: $0.7938
🎯 TP2: $0.7880
🚀 Final TP: $0.7794
🛑 Stop Loss: $0.8170
📉 Technical Analysis:
- Price is trading below the 4H EMA50 at $0.839.
- Daily price remains below EMA200 at $0.912.
- The broader trend remains bearish.
- $0.804 is the key resistance to watch.
⚠️ Important: If buyers break above resistance, bearish momentum could weaken and trigger a recovery.
Risk to SL: approximately 1.8%.
Potential reward to TP3: approximately 2.9%.
Risk/Reward: around 1.6R.
My strategy: Wait for rejection at resistance. No chasing entries.
$AKE
$AGT
#SUI #CryptoTrading #SHORT #BinanceSquare
DYOR | NFA. Always manage your risk.
