I’ve been watching $SUI closely, and the current structure is giving me a clear bearish bias. Price is struggling to find momentum near $0.88181, with overhead resistance looming at $0.9039 and a fragile support level at $0.8756 that’s currently being tested.
I’ve mapped out a 1.8:1 risk-to-reward short setup in my journal. Here is how I’m approaching it:
• Entry Zone: $0.88181
• TP1: $0.87306
• TP2: $0.86606
• Stop Loss: $0.89057
Risk management is the only thing that keeps us in the game. If we break above $0.89057, the thesis is invalidated—I’ll cut the trade immediately to preserve capital. If we hit TP1, I’m moving my stop to breakeven to lock in a risk-free trade.
Trading isn't about being right; it's about executing the plan when the setup presents itself.
Quick poll: Do you think $SUI hits $0.86606 first, or are we headed for a retest of the $0.89057 liquidity zone? Drop your charts or thoughts below—let’s discuss the price action.
⚠️ Caution: This is for educational and informational purposes only — Not Financial Advice (NFA). Always Do Your Own Research (DYOR) before making any trading decisions.
#SUI #DYOR #CryptoEducation #BinanceSquare
I’ve mapped out a 1.8:1 risk-to-reward short setup in my journal. Here is how I’m approaching it:
• Entry Zone: $0.88181
• TP1: $0.87306
• TP2: $0.86606
• Stop Loss: $0.89057
Risk management is the only thing that keeps us in the game. If we break above $0.89057, the thesis is invalidated—I’ll cut the trade immediately to preserve capital. If we hit TP1, I’m moving my stop to breakeven to lock in a risk-free trade.
Trading isn't about being right; it's about executing the plan when the setup presents itself.
Quick poll: Do you think $SUI hits $0.86606 first, or are we headed for a retest of the $0.89057 liquidity zone? Drop your charts or thoughts below—let’s discuss the price action.
⚠️ Caution: This is for educational and informational purposes only — Not Financial Advice (NFA). Always Do Your Own Research (DYOR) before making any trading decisions.
#SUI #DYOR #CryptoEducation #BinanceSquare