🚨 $SUI Strategy: The Psychological Pivot Fade
The $1.00 level remains a major supply wall. We are fading the current consolidation to snipe the re-accumulation zone near the macro support floor.
Entry Zone: $0.985 – $1.010 (Supply Zone Rejection)
TP1: $0.950 (MA-99 Support / Liquidity Cluster)
TP2: $0.925 (Major 4H Demand Zone)
TP3: $0.870 (Critical Multi-Day Support)
Stop Loss: $1.035 (Hard Exit Above Resistance Cluster)
Trade Logic:
SUI is printing "Lower Highs" on the 1H timeframe after the $1.01 rejection. While the USDsui launch is bullish, the market often "Sells the News" after such a vertical expansion. I am looking for a short entry to target the gap between the current price and the MA(99) ($0.95). As long as we stay below $1.02, the path of least resistance is toward a healthy retracement.
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