$SUI: Resistance Test Fails: Bearish Momentum Building Fast
SHORT SETUP SUI
Entry: $1.0535 - $1.0545
Stop Loss: $1.0910
Take Profit: $0.98000 (2R)
Key Levels: Support $1.0389 | Resistance $1.0566
Technical Analysis for $SUI: Price sits just below the 1H resistance at 1.0566, while EMA21 (1.069) and EMA50 (1.104) sit well above. RSI at 41 and a strong ADX (44) confirm a bearish overall trend. A short entry around 1.054 0.001 targets 0.98 with a stop at 1.091. Watch a break above 1.0566 to invalidate.
Market Context: BTC down 1.5% on a bearish 4hour trend, market breadth 81% red, overall sentiment broadly negative.
SHORT $SUI
SHORT SETUP SUI
Entry: $1.0535 - $1.0545
Stop Loss: $1.0910
Take Profit: $0.98000 (2R)
Key Levels: Support $1.0389 | Resistance $1.0566
Technical Analysis for $SUI: Price sits just below the 1H resistance at 1.0566, while EMA21 (1.069) and EMA50 (1.104) sit well above. RSI at 41 and a strong ADX (44) confirm a bearish overall trend. A short entry around 1.054 0.001 targets 0.98 with a stop at 1.091. Watch a break above 1.0566 to invalidate.
Market Context: BTC down 1.5% on a bearish 4hour trend, market breadth 81% red, overall sentiment broadly negative.
SHORT $SUI