📉 $SUI Short Trade Setup – High-Probability Zone

Trade Idea: Short

Entry Zone: 1.4740 – 1.4800

Stop Loss: Above 1.4900 (strict risk control)

🎯 Targets:

• TP1: 1.4600

• TP2: 1.4500

• TP3: 1.4400

🧠 Technical Reasoning:

• Rejection at the Top: Price pushed up to 1.4775 but failed to hold, closing lower around 1.4743 — a clear sign of weakness near highs.

• Tight Range, Low Volatility: With daily movement around 0.45%, price is compressing. Such conditions often precede a sharp expansion, favoring the downside here.

• Key Resistance in Play: The 1.4740–1.4800 zone has acted as resistance before. Another rejection from this area strengthens the short bias.

• Momentum Fading: Minimal price change (+0.15%) reflects bullish exhaustion. Upper wicks and small bodies hint at active sellers.

• Bearish Structure Risk: Failure to reclaim 1.4800 could form a lower high, signaling a short-term trend shift.

• Support Vulnerability: A clean break below 1.4700 may trigger accelerated selling toward 1.4600 → 1.4500.

📌 Summary:

Bias remains bearish below 1.4800. Patience and confirmation are key — trade the plan, manage risk, and let the market do the work.

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