$SUI is showing a sharp rejection after pushing toward 0.9800, and I'm watching the latest drop below the MA60. Sellers have taken control of the most recent move, but I want to see whether price continues lower or bounces back toward resistance before considering an entry.
SUI/USDT is trading at 0.9758, below the visible MA60 at 0.9768. The immediate resistance zone is around 0.9768–0.9780, while 0.9744 is the next visible downside reference on the chart.
📍 Entry: 0.9768–0.9780 after a failed reclaim 🎯 TP1: 0.9750 🎯 TP2: 0.9744 🎯 TP3: Not justified by the visible chart 🛑 Invalidation: Above 0.9800
For me, the short setup becomes more interesting if SUI retests the MA60 and gets rejected again. The recent red volume bars show increased selling activity, but that alone doesn't confirm further downside.
If price reclaims and holds above 0.9780, I'd be cautious about the short; a move above the recent spike near 0.9800 would weaken the setup further.
My plan: wait for a failed reclaim before entering. The chart is moving quickly, so I don't want to chase the drop or assume the next move is guaranteed.
SUI/USDT is trading at 0.9758, below the visible MA60 at 0.9768. The immediate resistance zone is around 0.9768–0.9780, while 0.9744 is the next visible downside reference on the chart.
📍 Entry: 0.9768–0.9780 after a failed reclaim 🎯 TP1: 0.9750 🎯 TP2: 0.9744 🎯 TP3: Not justified by the visible chart 🛑 Invalidation: Above 0.9800
For me, the short setup becomes more interesting if SUI retests the MA60 and gets rejected again. The recent red volume bars show increased selling activity, but that alone doesn't confirm further downside.
If price reclaims and holds above 0.9780, I'd be cautious about the short; a move above the recent spike near 0.9800 would weaken the setup further.
My plan: wait for a failed reclaim before entering. The chart is moving quickly, so I don't want to chase the drop or assume the next move is guaranteed.