I'm eyeing a short setup on $SUI . Here's why:
📍 Entry: $2.18
📍 Stop Loss: $2.24
📍 Take Profit 1: $2.03
📍 Take Profit 2: $1.95
📍 Risk/Reward: ~1:2.5
Why Short?
Price Rejection: $2.28 hit, then a fast drop. Sellers took over.
Momentum Fading: RSI at 53.63, no more bullish push.
Bearish Candles: Lower highs, long wicks = sellers in control.
Weak Volume: No follow-up after breakout = likely fakeout.
Overextended Move: Fast rally = time for a pullback.
I'm not betting against $SUI long-term. This is just a short-term correction. 📉
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SUI
1.0016
-0.93%
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