SUI/USDT (15M Chart Setup) – METAZON Reversal Analysis

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SUI/USDT (15M Chart Setup) – METAZON Reversal AnalysisSui/USDTOKX:SUIUSDTLALAX41Price is currently testing a major upper supply zone between 0.8050 – 0.8100, forming repeated wick rejections and failing to hold a breakout higher. The projected move anticipates a structural correction toward lower demand blocks. Trade Plan & Key Levels * Pair: SUI/USDT (OKX) * Timeframe: 15-Minute * Current Zone / Sell Bias: 0.8048 – 0.8100 * Take Profit 1 (TP1): 0.7460 (approx. -6.75% move) * Take Profit 2 (TP2 / Final Target): 0.7010 – 0.6950 (major support shelf, approx. -12.7% total move) * Invalidation / Stop Loss: A clean, body close above 0.8150 on the 15M chart invalidates the short bias. Execution Details * Liquidity Sweep & Rejection: The label marked METAZON highlights a sweep of equal highs into the overhead resistance block followed by quick distribution wicks. * Momentum Shift: Watch for a break below local market structure on lower timeframes (3M/5M) to confirm weakness before executing full size. * Volume Delta: Look for decreasing buy volume into the highs and aggressive market selling on any retest of 0.8060. Strict Precautions & Risk Management * Do Not Front-Run Without Confirmation: Avoid market shorting blindly into resistance without seeing a bearish close or a lower-high formation; supply zones can expand into explosive short squeezes. * BTC Correlation Check: Altcoin moves on low timeframes are heavily tethered to Bitcoin. If BTC initiates an aggressive upside breakout, close or de-risk shorts immediately. * Stop-Loss Execution: Always keep a hard stop loss. Slippage can spike fast on low-timeframe altcoin momentum. * Take Partial Profits: Move stops to break-even once TP1 (0.7460) is secured to ensure a risk-free ride into the 0.7000 demand zone.