Signal! 📉
Coin: $SUI / USDT (Sui)
Direction: SHORT (Conditional Entry from Confluent Order Block) 📉
Current Price: 3.0172 USDT
🎯 Entry Strategy (Come to Level, Rejection & Close Downside!):
This is a precise short entry strategy for SUI, combining multiple timeframe confluences:
* Wait for Price to Come to Level: First, wait for the price to push up and tap into the confluent 4H, 1H, and 15m Order Block zone, which is indicated by the red entry box on the chart between 3.0394 - 3.0454 USDT.
* Rejection Candle & Downside Close: Once price has tapped this level, look for a clear sign of a bearish rejection candle (e.g., a strong wick to the upside, bearish engulfing pattern). Crucially, wait for the candle to close downside (below the entry zone or showing strong bearish momentum) on the 15-minute (or lower) timeframe to confirm the short entry.
Entry Price 3.0394 USDT
Targets (TPs) & Profit Percentages (Based on R:R):
* TP1 (1:1 R): 2.9908 🎯 (Profit: ~1.60%)
* TP2 (1:2 R): 2.9422 🎯 (Profit: ~3.19%)
* TP3 (1:3 R): 2.8936 📈 (Profit: ~4.80%)
Stop Loss (SL):
* SL: 3.0880 ⛔️ (Placed above the confluent order block)
Timeframe: 15m (for entry confirmation), with 4H and 1H confluence ⏱️
Reason: This strategy aims to enter a short position from a high-probability supply zone, identified across multiple timeframes, after confirmation of bearish rejection and a strong close indicating seller control.
DYOR! Not financial advice. Strict adherence to entry conditions is crucial for this type of setup! 🙏
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