Trading Plan Short $SUI
$SUI just lost the EMA21 and looks ready for more downside after a weak bounce.
Entry: $0.7100-$0.7200
Stoploss: $0.7300
Targets: $0.7020 / $0.6850 / $0.6600
SUI failed to hold the EMA21 on the 1h, rejecting hard off the EMA50 yesterday. We're seeing expanding BB width here, hinting at more volatility coming. Sellers are clearly aggressive with taker sell volume at 0.65. Retail is still crowded long, holding bags from the last pump, which makes this an easy target for a flush. Reclaim $0.7200, short voided.
Trade $SUI here 👇
$SUI just lost the EMA21 and looks ready for more downside after a weak bounce.
Entry: $0.7100-$0.7200
Stoploss: $0.7300
Targets: $0.7020 / $0.6850 / $0.6600
SUI failed to hold the EMA21 on the 1h, rejecting hard off the EMA50 yesterday. We're seeing expanding BB width here, hinting at more volatility coming. Sellers are clearly aggressive with taker sell volume at 0.65. Retail is still crowded long, holding bags from the last pump, which makes this an easy target for a flush. Reclaim $0.7200, short voided.
Trade $SUI here 👇