$SUI has experienced a strong bearish displacement after losing the $1.12–$1.14 supply area, with price falling rapidly toward the $1.02 region. The rebound that followed has brought price back to approximately $1.0595, but the recovery has not yet invalidated the broader bearish structure visible on the chart.
The zone between $1.12 and $1.135 is the area I am watching most closely. It represents a potential location for price to retrace into previous supply before sellers attempt to continue the move lower. If price returns to this region and prints clear bearish rejection, it could provide a more favorable opportunity to evaluate a short setup.
The downside objective is the recent low near $1.02. If that level fails to hold, the market could extend lower, although the next move will depend on how price reacts at support and resistance. There is no need to enter prematurely while price is still trading below the projected entry area.
For now, my bias remains bearish, provided the supply zone continues to cap price and the market fails to establish a sustained bullish structure above it. A decisive reclaim of the marked zone would require reassessing the setup.
This is a conditional technical outlook, not a certainty. I will prioritize confirmation, disciplined execution, and risk management over anticipation.
The zone between $1.12 and $1.135 is the area I am watching most closely. It represents a potential location for price to retrace into previous supply before sellers attempt to continue the move lower. If price returns to this region and prints clear bearish rejection, it could provide a more favorable opportunity to evaluate a short setup.
The downside objective is the recent low near $1.02. If that level fails to hold, the market could extend lower, although the next move will depend on how price reacts at support and resistance. There is no need to enter prematurely while price is still trading below the projected entry area.
For now, my bias remains bearish, provided the supply zone continues to cap price and the market fails to establish a sustained bullish structure above it. A decisive reclaim of the marked zone would require reassessing the setup.
This is a conditional technical outlook, not a certainty. I will prioritize confirmation, disciplined execution, and risk management over anticipation.