#CreatorPad This SUI/USDT (1M timeframe) chart is showing signs of a potential bearish double top pattern forming near the $5.3–$5.6 resistance zone.

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📉 Chart Pattern: Double Top (Bearish Reversal Signal)

Tops: Around $5.3699 and recent resistance around $5.5778

Neckline support: Near $2.90–$3.00 range

Volume drop + RSI near 61 indicates weakening bullish strength

Monthly candle rejection near the upper Bollinger Band and failing to break above $5.6

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📌 Trade Setup

🔻 Short Entry (if price fails again at $5.5–$5.6):

Entry: $5.30–$5.50 (after rejection confirmed)

Stop-loss: Above $5.70 (breakout invalidates the pattern)

Targets:

TP1: $3.60 (current price)

TP2: $3.00 (neckline support)

TP3: $2.30 (Bollinger mid-band)

TP4 (max): $1.03 or $0.44 (previous demand)

📈 Long Entry (only if breakout succeeds):

Entry: Above $5.70 (monthly candle closes strong)

Stop-loss: Below $5.20

Targets: $6.20, $7.50+

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✅ Confirmation Needed Before Entry:

Weekly/Daily bearish rejection candle at resistance zone

RSI turning down from 60+ levels

MACD crossover (if shown)