$SUI Trading Plan (SHORT) 📉
$SUI has broken below the 0.7011 support level and is now retesting it as resistance, indicating a potential shift into continuation downside if rejection holds.
🔹 Entry Zone: 0.7000 – 0.7090
🔹 Stop Loss: 0.7200
🎯 Targets:
• TP1: 0.6900
• TP2: 0.6700
• TP3: 0.6400
Price structure shows a clean breakdown below 0.7011 followed by a retest from below, a classic continuation setup if resistance holds. Selling pressure remains active, with taker sell volume dominance reinforcing bearish momentum.
Funding is declining while shorts are increasingly paying, suggesting pressure is building on overextended longs. Positioning data shows crowding on the long side, increasing the potential for further downside if distribution continues.
Invalidation above 0.7128, where the bearish structure is considered broken.
#RMJ_trades
#BankOfEnglandSoftensStablecoinRules
#BinanceToOpenXLMSpotTrading
#OilRebounds3%
#IranCutsCrudePrices
$SUI has broken below the 0.7011 support level and is now retesting it as resistance, indicating a potential shift into continuation downside if rejection holds.
🔹 Entry Zone: 0.7000 – 0.7090
🔹 Stop Loss: 0.7200
🎯 Targets:
• TP1: 0.6900
• TP2: 0.6700
• TP3: 0.6400
Price structure shows a clean breakdown below 0.7011 followed by a retest from below, a classic continuation setup if resistance holds. Selling pressure remains active, with taker sell volume dominance reinforcing bearish momentum.
Funding is declining while shorts are increasingly paying, suggesting pressure is building on overextended longs. Positioning data shows crowding on the long side, increasing the potential for further downside if distribution continues.
Invalidation above 0.7128, where the bearish structure is considered broken.
#RMJ_trades
#BankOfEnglandSoftensStablecoinRules
#BinanceToOpenXLMSpotTrading
#OilRebounds3%
#IranCutsCrudePrices