SUI descending channel breakdown — short confirmed!
🔴 $SUI - SHORT
Trade Plan: Current Price: ~$0.7398
Entry Zone: 0.720 - 0.755
SL: 0.785
TP1: 0.685
TP2: 0.635
TP3: 0.585
SUI has broken below the descending channel support and is now retesting it as resistance. Our Entry Zone box captures this high-probability retest area where trapped longs are likely to exit. The chart shows a clear series of lower highs and declining volume on bounces. The solid red SL line sits above the recent swing high at 0.785, while the green TP lines target the measured move and next liquidity pools at 0.635–0.585. The large glowing red downward arrow highlights the continuation path. This bearish structure shift offers strong conviction.
Are you shorting the retest or waiting for the next lower low confirmation?
Click below for trade 👇
DYOR & manage risk!
🔴 $SUI - SHORT
Trade Plan: Current Price: ~$0.7398
Entry Zone: 0.720 - 0.755
SL: 0.785
TP1: 0.685
TP2: 0.635
TP3: 0.585
SUI has broken below the descending channel support and is now retesting it as resistance. Our Entry Zone box captures this high-probability retest area where trapped longs are likely to exit. The chart shows a clear series of lower highs and declining volume on bounces. The solid red SL line sits above the recent swing high at 0.785, while the green TP lines target the measured move and next liquidity pools at 0.635–0.585. The large glowing red downward arrow highlights the continuation path. This bearish structure shift offers strong conviction.
Are you shorting the retest or waiting for the next lower low confirmation?
Click below for trade 👇
DYOR & manage risk!