Trading Plan Short $SUI

$SUI tapped 0.8044 resistance after a 1H strong bull run, now showing exhaustion.

Entry: $0.8007-$0.8127

Stoploss: $0.8280

Targets: $0.7850 / $0.7600 / $0.7250

SUI hit the nearest 1H resistance and got stuffed, sellers stepping in. Long/short ratio shows retail is heavily long, setting up a nice flush. Funding is starting to tick up slightly, and OI increased 5.46% on the pump, indicating longs are trapped. This is a clean counter-trend play with daily trend as a tailwind. Reclaim $0.8280, short voided.

Trade $SUI here 👇

SUI
SUIUSDT
0.7678
-6.01%