I'm taking this SHORT around 1,0555–1,0557 USDT, following the reference plan.
MY VIEW
Over the next four hours, I lean toward sideways action with a downward bias, with low confidence. A move above 1,0592 invalidates the idea of selling a bounce.
CONTEXT
SUI has bounced above VWAP, but the 1h/4h trends are still down. I'm selling near resistance and accepting that I may get stopped out early.
4-HOUR SCENARIO
Price at period end: above 1,07147: 26%; sideways between 1,03693–1,07147: 54%; below 1,03693: 20%.
Unadjusted historical frequencies, n=92 non-overlapping 4h samples; 95% intervals are 18–36%, 44–64%, and 13–29%, respectively.
MY TRADE
SHORT 1,0555–1,0557; hard SL 1,0592; TP1 1,0447; TP2 1,0389. Minimum R:R of 1.69/2.77 after fees of 0.10% + 0.06% slippage. Risk 0.5% of account; don't use high leverage. If I'm wrong, cut the loss; at TP1, take partial profits.
DATA
Binance Spot, candle closed at 08:59 on 09/10, UTC+7. This is a plan; no trade has been executed.
$SUI #SUI #TradingPlan #molang
Not investment advice.
MY VIEW
Over the next four hours, I lean toward sideways action with a downward bias, with low confidence. A move above 1,0592 invalidates the idea of selling a bounce.
CONTEXT
SUI has bounced above VWAP, but the 1h/4h trends are still down. I'm selling near resistance and accepting that I may get stopped out early.
4-HOUR SCENARIO
Price at period end: above 1,07147: 26%; sideways between 1,03693–1,07147: 54%; below 1,03693: 20%.
Unadjusted historical frequencies, n=92 non-overlapping 4h samples; 95% intervals are 18–36%, 44–64%, and 13–29%, respectively.
MY TRADE
SHORT 1,0555–1,0557; hard SL 1,0592; TP1 1,0447; TP2 1,0389. Minimum R:R of 1.69/2.77 after fees of 0.10% + 0.06% slippage. Risk 0.5% of account; don't use high leverage. If I'm wrong, cut the loss; at TP1, take partial profits.
DATA
Binance Spot, candle closed at 08:59 on 09/10, UTC+7. This is a plan; no trade has been executed.
$SUI #SUI #TradingPlan #molang
Not investment advice.