Trade setup 🎯$SUI (Short)
Entry Zone: 1.530 – 1.580
TP 1 : 1.448
TP 2 : 1.380
Stop Loss : $1.645
Leverage: 10x – 20x
Scalp Trade Plan (Short Setup)
This setup focuses on a "Sell the Rally" approach, targeting a continuation of the downward trend.
The chart shows a significant bearish breakdown from a previous consolidation zone. After hitting a high near $1.94, SUI experienced a sharp sell-off, characterized by a large "marubozu" red candle that sliced through multiple support levels.
Currently, the price is seeing a weak corrective bounce after hitting a local low of $1.4473. The momentum remains firmly in the hands of the bears, as the price is trading well below its previous structural support (now acting as resistance). The volume on the breakdown was high, indicating strong selling interest. Unless SUI can reclaim the $1.65 level, the path of least resistance remains to the downside.
Risk Note: Only use a small percentage of your total margin (e.g., 3-5%) as volatility remains high.#BinanceAlphaAlert #analysis #MarketRebound $SUI
