Trading Plan Short $SUI
$SUI just got stuffed at the 1H upper Bollinger Band, showing rejection from local resistance.
Entry: $0.6970-$0.7070
Stoploss: $0.7180
Targets: $0.6860 / $0.6650 / $0.6350
SUI hit $0.6989 resistance and immediately got slapped back. This is a classic BB pop and fade. OI is already bleeding out and taker sell volume is picking up hard, indicating sellers are stepping in. Retail is crowded long here, so I'm looking for a flush. Reclaiming $0.7180 voids this short.
Trade $SUI here 👇
$SUI just got stuffed at the 1H upper Bollinger Band, showing rejection from local resistance.
Entry: $0.6970-$0.7070
Stoploss: $0.7180
Targets: $0.6860 / $0.6650 / $0.6350
SUI hit $0.6989 resistance and immediately got slapped back. This is a classic BB pop and fade. OI is already bleeding out and taker sell volume is picking up hard, indicating sellers are stepping in. Retail is crowded long here, so I'm looking for a flush. Reclaiming $0.7180 voids this short.
Trade $SUI here 👇