#SUI Today's Pro Futures Trading Plan of $SUIUSDT - May 4, 2025
• Trade Direction: Short
• Price trades below MA(7)/MA(25), signaling bearish momentum. Recent 4.03% drop aligns with rejection near 24h high (3.3818) and descending volume MA(5) vs MA(10).
• Entry Zone:
• 3.2600–3.2900 (confluence of MA(7) resistance and retest of breakdown zone). Alternative entry on confirmed break below 3.1530 (24h low).
• Stop-Loss:
• 3.3850 (above 24h high and MA(25)), invalidating bearish structure.
• Risk/Reward Ratio:
• 1:2.5 (Risk: ~0.125 from 3.29 to SL vs Reward: ~0.32 to Target 2).
• Profit Targets:
• Target 1: 3.1530 (24h low, immediate support).
• Target 2: 3.0565 (MA(99), next structural support).
• Target 3: 2.8276 (swing low from Binance data, extended bearish target).
• Strategy Explanation: Bearish setup confirmed by:
• Price below key MAs (7, 25) with MA(99) as next downside magnet.
• High 24h volume (954M USDT) supports selling pressure.
• Breakdown below 3.1530 may accelerate momentum.
• Volume Profile:
• Elevated sell-side volume near 3.24–3.29 zone reinforces resistance. Watch for volume contraction near 3.15 for breakout confirmation.
• Leverage Note:
• Moderate (3–5x) – Volatility (~7% 24h range) warrants caution.
• Market Sentiment:
• Bearish short-term; MA(99) suggests longer-term buyers may emerge at 3.05. No overt news bias noted.
• Invalidation Level:
• Close above 3.3850 negates bearish structure, prompting reassessment.
Caution: Monitor for bullish divergence or volume spikes above 3.29, which could signal short-term reversals.