๐จโ๐ป ๐ด Waiting โ Bearish Correction / Downtrend* ๐
Clear downtrend with lower highs/lower lows on 1H
๐ *Entry:*$SUI
๐ฏ *Long entry (wait color):* `1.15$` Strong support (green line) - being tested now ๐ข
๐ฏ *Short scalp entry:* `1.20$ - 1.25$` Near the downtrend line and resistance ๐ด
๐ฏ *Targets:*
๐ฅ *Short TP:* `1.15$ (-2.4%)` Unlocks support
๐ฅ *Long TP after the bounce:* `1.25$ (+6%)` ๐ฐ Major resistance
๐ฅ *TP2:* `1.30$` ๐
๐ *Stop loss:* `1.14$` for the long OR `1.26$` for the short โ
โ ๏ธ *Risk:* *High โ ๏ธ*
RSI 34.2 Oversold near sell exhaustion + MACD Bearish - MACD below Signal line + Volume weak red + Trend: Clear downtrend with lower highs/lower lows + Selling pressure continues ๐
๐ * I see SUI in a clear downtrend line from 1.25$ and it's currently falling to 1.1790$ - the price is now testing the 1.15$ support. If it breaks, we go to 1.10$ - if it holds, it should make a good bounce to 1.25$ - this is not the time to enter the market; itโs time to wait for confirmation ๐ฏ
#sui #SuiNetwork #Binance ๐
โ ๏ธ Educational only and not financial advice - the market is in a correction
Clear downtrend with lower highs/lower lows on 1H
๐ *Entry:*$SUI
๐ฏ *Long entry (wait color):* `1.15$` Strong support (green line) - being tested now ๐ข
๐ฏ *Short scalp entry:* `1.20$ - 1.25$` Near the downtrend line and resistance ๐ด
๐ฏ *Targets:*
๐ฅ *Short TP:* `1.15$ (-2.4%)` Unlocks support
๐ฅ *Long TP after the bounce:* `1.25$ (+6%)` ๐ฐ Major resistance
๐ฅ *TP2:* `1.30$` ๐
๐ *Stop loss:* `1.14$` for the long OR `1.26$` for the short โ
โ ๏ธ *Risk:* *High โ ๏ธ*
RSI 34.2 Oversold near sell exhaustion + MACD Bearish - MACD below Signal line + Volume weak red + Trend: Clear downtrend with lower highs/lower lows + Selling pressure continues ๐
๐ * I see SUI in a clear downtrend line from 1.25$ and it's currently falling to 1.1790$ - the price is now testing the 1.15$ support. If it breaks, we go to 1.10$ - if it holds, it should make a good bounce to 1.25$ - this is not the time to enter the market; itโs time to wait for confirmation ๐ฏ
#sui #SuiNetwork #Binance ๐
โ ๏ธ Educational only and not financial advice - the market is in a correction
