🚀 $SUI
SHORT SETUP 🚀
SUI dropped from $1.2645 to $0.9968, bounced into a lower high near $1.15, and has since rolled over with a run of red candles back down to its 99 MA. Price is now at $1.0968, down about 2% on the day, and squeezed against the MAs, with the 25 MA turning down overhead. I’m watching for a short on a push back up into the 25 MA resistance, not chasing the current candle. 📉
Entry: $1.1120 – $1.1220
TP1: $1.0850
TP2: $1.0600
TP3: $1.0250
SL: $1.1420
🔻 Why SUI is on watch:
Price ($1.0968) is sitting just above the 99 MA ($1.0952) and just below the 7 MA ($1.0994), but still under the 25 MA ($1.1129), which has rolled over from its recent high and now acts as overhead resistance The structure shows lower highs since the $1.2645 peak, and the recent bounce to about $1.15 failed, so the recovery looks corrective inside a downtrend The last candles are small and red on thin volume, while the larger volume came on the earlier sell-off, a sign that buyers have not returned with real strength The $1.0850 to $1.0950 area is the first support, where the 99 MA sits, with the $0.9968 low far below it. A 1H close under $1.0850 would confirm sellers are taking over
⚠️ Price is sitting right on the 99 MA and the MAs are tightly bunched, so a breakout can go either way. Wait for a rally into the 25 MA zone before entering. A clean 1H close above $1.1420 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
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SHORT SETUP 🚀
SUI dropped from $1.2645 to $0.9968, bounced into a lower high near $1.15, and has since rolled over with a run of red candles back down to its 99 MA. Price is now at $1.0968, down about 2% on the day, and squeezed against the MAs, with the 25 MA turning down overhead. I’m watching for a short on a push back up into the 25 MA resistance, not chasing the current candle. 📉
Entry: $1.1120 – $1.1220
TP1: $1.0850
TP2: $1.0600
TP3: $1.0250
SL: $1.1420
🔻 Why SUI is on watch:
Price ($1.0968) is sitting just above the 99 MA ($1.0952) and just below the 7 MA ($1.0994), but still under the 25 MA ($1.1129), which has rolled over from its recent high and now acts as overhead resistance The structure shows lower highs since the $1.2645 peak, and the recent bounce to about $1.15 failed, so the recovery looks corrective inside a downtrend The last candles are small and red on thin volume, while the larger volume came on the earlier sell-off, a sign that buyers have not returned with real strength The $1.0850 to $1.0950 area is the first support, where the 99 MA sits, with the $0.9968 low far below it. A 1H close under $1.0850 would confirm sellers are taking over
⚠️ Price is sitting right on the 99 MA and the MAs are tightly bunched, so a breakout can go either way. Wait for a rally into the 25 MA zone before entering. A clean 1H close above $1.1420 would invalidate the setup. Respect the stop and don’t chase if price doesn’t reach the entry zone.
Not financial advice. DYOR.
🔔 Follow CoinDispatch for more daily trade setups and market updates!