$SUI
/USDT SHORT TRADE SIGNAL – BEARISH STRUCTURE CONTINUES AFTER FAKEOUT SPIKE!
$SUI is currently trading at $3.1957, down -3.27% in the last 24 hours. The 15-minute chart reveals a persistent downtrend with a recent bullish spike that failed to hold above $3.24 — indicating a bull trap. Price is now back under pressure and consolidating beneath intraday resistance, suggesting further downside ahead.
Trade Setup (SHORT):
Entry Price: $3.20 – $3.23
Target 1: $3.16
Target 2: $3.09
Target 3: $2.98
Stop Loss: $3.26
Why Short?
The chart shows a series of lower highs and lower lows. The wick toward $3.26 was quickly rejected with strong selling volume, confirming seller control. Unless bulls reclaim $3.25 with conviction, the trend favors continuation to the downside.
Risk Management Tip:
Place SL just above the failed breakout wick ($3.26). Trail your stop once TP1 is hit to protect capital and ride the trend safely.
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
