$SUI
Current price: 1.1332
Short-term trend: đŽ Bearish
Price has fallen below MA(7) 1.1573, MA(25) 1.1666, and MA(99) 1.1506 â short-term momentum is weak.
Strong red candles + rising volume suggest selling pressure.
Immediate support: 1.1300â1.1277
If 1.1277 breaks with volume, the next downside area could be around 1.1200â1.1150.
First resistance: 1.1380â1.1480
Stronger resistance: 1.1500â1.1580
A 15m candle closing back above 1.1500â1.1580 would improve the short-term structure.
Possible setup:
đŽ Below 1.1480 â bearish bias
đĄ 1.1280â1.1350 â support/reaction zone; wait for confirmation
đą Above 1.1580 â potential short-term reversal signal
The 1.1300 area is important right now. I would avoid assuming a reversal simply because price has reached support; look for a bullish candle/reclaim and volume confirmation first.#EarningsSeason #OpenAIDelaysGPT6.1OverSafetyIssues
Current price: 1.1332
Short-term trend: đŽ Bearish
Price has fallen below MA(7) 1.1573, MA(25) 1.1666, and MA(99) 1.1506 â short-term momentum is weak.
Strong red candles + rising volume suggest selling pressure.
Immediate support: 1.1300â1.1277
If 1.1277 breaks with volume, the next downside area could be around 1.1200â1.1150.
First resistance: 1.1380â1.1480
Stronger resistance: 1.1500â1.1580
A 15m candle closing back above 1.1500â1.1580 would improve the short-term structure.
Possible setup:
đŽ Below 1.1480 â bearish bias
đĄ 1.1280â1.1350 â support/reaction zone; wait for confirmation
đą Above 1.1580 â potential short-term reversal signal
The 1.1300 area is important right now. I would avoid assuming a reversal simply because price has reached support; look for a bullish candle/reclaim and volume confirmation first.#EarningsSeason #OpenAIDelaysGPT6.1OverSafetyIssues
