$SUI/USDT - SHORT🚨
Trade Plan:
Entry: 0.6571 – 0.6850
SL: 0.7250
TP1: 0.6100
TP2: 0.5750
TP3: 0.5300
Why this setup?
The daily chart shows a prolonged macro downtrend with the price dropping -6.17%, pushing right against the recent 0.6526 local low. SuperTrend (0.8301) and Parabolic SAR (0.7825) provide heavy overhead resistance ceilings. Although the short-term RSI(6) is deeply oversold at 22.86, the flat MACD histogram and sustained selling volume demonstrate strong bearish dominance. Any weak intraday relief bounce will likely face aggressive institutional supply and trigger a continuation breakdown toward lower support blocks.
SUIUSDT
Perp
0.6736
-3.44%
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