$SUI Trade Type: Short (Sell)
Signal: Sell Below $3.4071 — Possible Pullback or Rejection
ZoneEntry:
Sell if price breaks below $3.4071 with increased volume and bearish confirmation (e.g., bearish candlestick pattern)
Targets:
TP1: $3.3891 (recent low and structural support)
TP2: $3.3835 (next key demand zone)Stop-Loss (SL):
SL: $3.4992 (above recent high)
Strategy Notes:Use a 5-minute chart for scalping to capture quick price movements.Monitor RSI (currently 41-44, nearing oversold) and Stochastic Oscillator (K: 22.5407, D: 26.0189) for confirmation of bearish momentum.
Look for high volume on the breakout below $3.4071 to validate the trade.Exit quickly at TP1 or TP2 to lock in profits due to the fast-paced nature of scalping.