$SUI bounced from $1.0052, but I’m not convinced the buyers are back. 👀
The recovery is already struggling around $1.03, and after that sharp fall from $1.0784, this looks more like a temporary bounce than a proper reversal.
I’m interested in a short around $1.023–$1.030, with $1.038 as my stop.
If sellers return, I’m watching $1.017 first, then $1.005, and finally $0.990.
The interesting part comes if we get an hourly close below $1.017. That’s where another round of selling could begin.
I’m staying bearish for now, but a move above $1.038 would change my mind.
The recovery is already struggling around $1.03, and after that sharp fall from $1.0784, this looks more like a temporary bounce than a proper reversal.
I’m interested in a short around $1.023–$1.030, with $1.038 as my stop.
If sellers return, I’m watching $1.017 first, then $1.005, and finally $0.990.
The interesting part comes if we get an hourly close below $1.017. That’s where another round of selling could begin.
I’m staying bearish for now, but a move above $1.038 would change my mind.