$SUI: Distribution Phase Ends: Downside Target Zone Set
SHORT SETUP SUI
Entry: $1.1865 - $1.1915
Stop Loss: $1.2366
Take Profit: $1.0939 (2R)
Key Levels: Support $1.1764 | Resistance $1.1915
Technical Analysis for $SUI: Price sits just below the 1H resistance at 1.1915, while the stochastic is deep in overbought territory (85). MACD remains positive but the signal line is negative, hinting at weakening momentum. A short entry between 1.18651.1915 targets the 1.1764 support, with SL above 1.2276. Watch for a break below 1.1764 as confirmation; a sudden bullish reversal would invalidate the setup.
Market Context: BTC is down 2% on the day and the broader market is broadly negative, adding pressure to risk assets like SUI.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $SUI
SHORT SETUP SUI
Entry: $1.1865 - $1.1915
Stop Loss: $1.2366
Take Profit: $1.0939 (2R)
Key Levels: Support $1.1764 | Resistance $1.1915
Technical Analysis for $SUI: Price sits just below the 1H resistance at 1.1915, while the stochastic is deep in overbought territory (85). MACD remains positive but the signal line is negative, hinting at weakening momentum. A short entry between 1.18651.1915 targets the 1.1764 support, with SL above 1.2276. Watch for a break below 1.1764 as confirmation; a sudden bullish reversal would invalidate the setup.
Market Context: BTC is down 2% on the day and the broader market is broadly negative, adding pressure to risk assets like SUI.
Will resistance cap a bounce, or can buyers reclaim it? Follow for more data-led market setups.
SHORT $SUI
