$SUI just experienced a sharp drop on the 15m chart, cleanly breaking down below the $1.15 short-term support level.
Since price is currently floating in no man's land above the major bottom support, we are waiting for a technical retest to secure a favorable Risk/Reward ratio and avoid getting caught in a bottom-bounce trap.
– Entry Zone: $1.155 – $1.165
– Stop Loss: $1.190
– Targets: $1.105 | $1.025
⚠️ If price dumps straight to $1.10 without retesting, let it go (DO NOT FOMO Short).
Since price is currently floating in no man's land above the major bottom support, we are waiting for a technical retest to secure a favorable Risk/Reward ratio and avoid getting caught in a bottom-bounce trap.
– Entry Zone: $1.155 – $1.165
– Stop Loss: $1.190
– Targets: $1.105 | $1.025
⚠️ If price dumps straight to $1.10 without retesting, let it go (DO NOT FOMO Short).
