$SUI just pushed into a key resistance zone after a strong impulsive move, approaching an area where sellers previously stepped in.
$SUI - SHORT
Trade Plan:
Entry: 0.97500 – 0.98800
SL: 1.03000
TP1: 0.94500
TP2: 0.92000
TP3: 0.89000
Why this setup?
$SUI just made a strong rally from the recent demand area and is now testing the upper range resistance around 0.98. This region previously acted as a rejection zone and could attract sellers again.
After a sharp impulsive move, markets often slow down or retrace as early buyers take profits.
If price fails to break and hold above the resistance, a rotation back toward the mid-range support is likely.
The key invalidation level is 1.01000. A clean breakout above this level would suggest buyers gaining control and continuation toward higher levels.
Debate:
Shorting the resistance on #SUI🔥 or waiting for a breakout above $1?
Trade here 👇