SUI/USDT | 4-Hour Resistance Zone Short Setup
2025-01-10
Category: None

This setup for SUI/USDT on the 4-hour timeframe highlights a potential rejection from a key resistance zone. Here's the trade idea:

 
 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!