Here's the updated short trade setup for $SUI /USDT based on your provided data:
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🔥 SUI/USDT SHORT TRADE ALERT 🔥
Current Price: 0.9291 (Bearish Trend)
Entry Zone: 0.9310 - 0.9320
Targets:
TP1: 0.9222
TP2: 0.9180
TP3: 0.9125
Stop Loss: 0.9370
Technical Setup:
The price of SUI is testing the support zone at 0.9222 after a rejection from the recent high of 0.9764. A confirmed break below 0.9222 will signal further downside momentum.
Volume is decreasing but momentum remains weak.
The resistance at 0.9310 could hold as a strong barrier for a short setup.
Watch for a break below 0.9222 to confirm the continuation of the bearish trend.
Tight stop loss at 0.9370 to manage risk.
Trade Strategy:
Enter short positions near the resistance.
Use tight risk management and aim for progressive profit booking as the price moves towards 0.9125.
Stay alert for confirmation of rejection around resistance before entering.
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This setup provides the key points to help execute the trade effectively!
