SUI is oversold, but the real trap is being set now.
$SUI /USDT : š¢ Risk 5/10 (SHORT)
š„ Why this setup?
- 1D trend is BEARISH, giving the overall direction.
- 15m RSI is at 23 (deeply oversold), suggesting a potential bounce is due.
- The SHORT signal is "Armed" at a key level, waiting for a rejection to confirm the downtrend continuation. Why enter now? To catch the next leg down IF the oversold bounce fails.
š Trade Plan:
ā¢ Entry: 1.574899 ā 1.587901
ā¢ TP1: 1.542392 | TP2: 1.52939 | TP3: 1.503385
ā¢ SL: 1.620408
š Debate:
Is this oversold bounce a bull trap or your final short entry? š
