$SUI / $USDT — 21:35 Update 🚨 No Long at 1.0502. Waiting for Short around 1.0615. 📌 Entry Plan: 🔻 Short: 1.0615 🛑 SL: 1.0680 🎯 TP: 1.0390 Why I’m avoiding Longs below MA60 👇 $SUI bounced from 0.9821 → 1.0635 (+8.3%), but the recovery still looks weak compared to the larger -20% drop from 1.2306. Current rebound only retraced around 33% of the previous dump — not enough to confirm a real trend reversal yet. 📉 More importantly: ⚠️ Price is still trading below: • MA30 → 1.0570 • MA60 → 1.0615 • MA120 → 1.1001 That creates a heavy multi-layer resistance zone overhead. The MA30/60/120 structure is still sloping downward, meaning the broader trend remains bearish until proven otherwise. Even though: 🟢 MA5 = 1.0390 🟢 MA10 = 1.0407 🟢 MA20 = 1.0436 are acting as short-term support, price has failed to break above MA30 for several days. The long upper wick near 1.0635 also suggests strong seller presence around the MA60 area. 👁️ Fundamentally, $SUI still has strong Layer1 narratives and Move ecosystem development, but price reaction remains weak despite recent news flow. 4H volume is also fading: ≈ 2.14M SUI (~2.24M USDT) That tells me fresh liquidity is still missing. 📌 Why Short 1.0615? MA60 is currently the key resistance zone. I’d rather wait for price to tap resistance and reject than chase longs directly into overhead supply. 📌 Stop Loss: 1.0680 If price cleanly breaks above: • MA60 • recent high 1.0635 then the short setup becomes invalid. Risk on this setup: ~0.61% move ≈ 6.1% account exposure using 10x leverage. 📌 Take Profit: 1.0390 MA5 support near 1.0390 is the nearest logical target. RR ratio: ⚡ ~1:3.45 Current view: As long as $SUI stays below MA60 and especially below MA120 at 1.1001, the broader structure still favors caution rather than aggressive longs. No real volume = no confirmed trend reversal yet. ⚠️ Today’s PnL: ✅ +220.1% from earlier $SOL trade (86.50 → 84.94) May winrate: 📊 82 wins / 87 trades Largest loss this month: 📉 -4.8% Anyone here still longing $SUI near 1.06? 👀 #ICEBacksOKXOilPerps