$SUI Grinds Back to Range High Fade the Reclaim
Pair: $SUI /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 1.1790 – 1.1840
Take Profit:
- TP1: 1.1628 +7%
- TP2: 1.1502 +13%
- TP3: 1.1313 +22%
Stop Loss: 1.2069
Chart Structure:
- SUI spiked and sold off sharply with an outsized red candle, dropping well below MA7 and MA25 before stabilizing and grinding back up to retest the moving-average cluster near current price
- Current price sits right at the entry zone, essentially retesting the underside of the broken structure a level that previously capped the range
- RSI 14 has steadily climbed from the low-30s into the mid-50s, and MACD has flipped positive with a building histogram both indicators are actually turning bullish, working against this short
- Given the improving momentum building over many hours (not just a sharp spike), this is a contrarian fade rather than a high-conviction trend continuation the recovery could extend further before any rejection
- Stop is placed above the recent local high at the risk-area boundary, which would need to be reclaimed to invalidate the short
$SUI
Pair: $SUI /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 1.1790 – 1.1840
Take Profit:
- TP1: 1.1628 +7%
- TP2: 1.1502 +13%
- TP3: 1.1313 +22%
Stop Loss: 1.2069
Chart Structure:
- SUI spiked and sold off sharply with an outsized red candle, dropping well below MA7 and MA25 before stabilizing and grinding back up to retest the moving-average cluster near current price
- Current price sits right at the entry zone, essentially retesting the underside of the broken structure a level that previously capped the range
- RSI 14 has steadily climbed from the low-30s into the mid-50s, and MACD has flipped positive with a building histogram both indicators are actually turning bullish, working against this short
- Given the improving momentum building over many hours (not just a sharp spike), this is a contrarian fade rather than a high-conviction trend continuation the recovery could extend further before any rejection
- Stop is placed above the recent local high at the risk-area boundary, which would need to be reclaimed to invalidate the short
$SUI
