Are Overhyped Liquidity Chasers About To Get Trapped At The Top Of This Exhaustion Structure?
Entry: $0.9305
Take Profit: $0.8391
Stop Loss: $0.9596
Price printed a sharp rejection wick at local resistance following an extended bullish run, signposting clear exhaustion at higher levels. Heavy limit orders are capping upside momentum, while sellers begin aggressively driving the order book down from the highs. With late buyers caught off guard at resistance, structure is heavily favored for a corrective breakdown straight toward $0.8391!
$SUI
Entry: $0.9305
Take Profit: $0.8391
Stop Loss: $0.9596
Price printed a sharp rejection wick at local resistance following an extended bullish run, signposting clear exhaustion at higher levels. Heavy limit orders are capping upside momentum, while sellers begin aggressively driving the order book down from the highs. With late buyers caught off guard at resistance, structure is heavily favored for a corrective breakdown straight toward $0.8391!
$SUI
