$SUI Today's Pro Trading Plan: $SUI/USD - May 17, 2025

1. Primary Bias & Setup:

• Short bias within a descending channel (intraday swing). Price rejects MA(20) at 3.8791, confirming bearish continuation after 24h high rejection at 3.9440.

2. Entry Zone:

• 3.82–3.85 (test of MA(20) + 50% retracement of yesterday’s drop). Confluence: weak volume on bounces, FVG at 3.83.

3. Stop Loss Placement:

• 3.91 (above MA(20) and recent swing high). Invalidation confirms bullish structure break.

4. Risk/Reward Ratio:

• 1:3 (SL: 0.09, TP1: 0.27).

5. Profit Targets:

• Target 1: 3.72 (24h low liquidity pocket).

• Target 2: 3.64 (daily support & FVG close).

• Target 3: 3.55 (swing low liquidity grab).

6. Market Sentiment:

• Bearish momentum dominates (MACD below zero, RSI 38). Weak bids evident in low-volume rallies.

7. Invalidation Plan & Contingency Setup:

• Break above 3.91 flips bias long. Enter at 3.93, SL 3.85, targeting 4.00 (HTF resistance).

Execution Note: Monitor 15m close below 3.78 for acceleration.