SUI/USDT | 4-Hour Resistance Zone Short Setup
Updated
This setup for SUI/USDT on the 4-hour timeframe highlights a potential rejection from a key resistance zone. Here's the trade idea:
This strategy assumes a pullback or rejection from the resistance zone with sellers dominating at this level. Monitor price action and volume for confirmation of the reversal. Suggestions for refinements are welcome!
- Entry: Around $5.081, targeting the red resistance zone at $5.0252.
- Stop-Loss: Above the resistance zone, allowing for potential wicks.
- Take-Profit: Targeting $4.7629, which aligns with a strong support area.
This strategy assumes a pullback or rejection from the resistance zone with sellers dominating at this level. Monitor price action and volume for confirmation of the reversal. Suggestions for refinements are welcome!
Trade active
2R down
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