⚠️ $SUI : A rejection from the rising trend line and a rejection from resistance pave the way for a corrective downwave
• Monitoring zone: 0.6895 – 0.6920
📉 Targets and invalidation level
🎯 Price targets:
• Target 1: 0.6875
• Target 2: 0.6860
• Target 3: 0.6845
❌ Invalidation: close above 0.6935 (breakout of the downtrend line and holding above it)
💡 Reasons for the move: a clear break of the sub-uptrend structure + repeated rejection at the downtrend resistance line, which reinforces immediate selling pressure by targeting liquidity located at the previous lows and the range
$SUI
• Monitoring zone: 0.6895 – 0.6920
📉 Targets and invalidation level
🎯 Price targets:
• Target 1: 0.6875
• Target 2: 0.6860
• Target 3: 0.6845
❌ Invalidation: close above 0.6935 (breakout of the downtrend line and holding above it)
💡 Reasons for the move: a clear break of the sub-uptrend structure + repeated rejection at the downtrend resistance line, which reinforces immediate selling pressure by targeting liquidity located at the previous lows and the range
$SUI
