$SUI 0.907u: The Bulls are pressing against resistance at 0.91u—careful, could MM reverse course?
Derivatives data:
• Top Trader L/S: 1.95 (66% heavily leaning Long).
• OI: holding high at 93.6M USDT as the price hits its 24h high.
• Funding rate: 0.0056% (the Long boat is starting to get heavy).
Scenario: Everyone piling into Long right under resistance is a red flag—it’s easy for MM to wick-sweep down to 0.88 - 0.89u and flush out leverage. Don’t FOMO into resistance on this move $SUI ; it’s safer to look for entries around 0.885u.
Are you holding a Long or stalking a Short ahead of the London session?
$SUI $BTC #BinanceSquare #Crypto #Trading
Derivatives data:
• Top Trader L/S: 1.95 (66% heavily leaning Long).
• OI: holding high at 93.6M USDT as the price hits its 24h high.
• Funding rate: 0.0056% (the Long boat is starting to get heavy).
Scenario: Everyone piling into Long right under resistance is a red flag—it’s easy for MM to wick-sweep down to 0.88 - 0.89u and flush out leverage. Don’t FOMO into resistance on this move $SUI ; it’s safer to look for entries around 0.885u.
Are you holding a Long or stalking a Short ahead of the London session?
$SUI $BTC #BinanceSquare #Crypto #Trading