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Price is stuck in a tight range right now, but selling pressure is clearly in control. Short-term, I'm leaning more toward downside.
1. Volume: The recent red candles had pretty high volume → active selling was strong. But the last couple candles show volume dropping off noticeably, so the selling might be taking a breather for now.
2. Capital flows: Derivatives are bleeding hard across all timeframes (24h net outflow -16.62M USDT) → futures traders are dumping aggressively. Spot side has a small inflow (+2.09M USDT over 24h), but it's not nearly enough to counter the derivative pressure.
#SUİ #SUIUSDT Cautious short
📍 Entry zones: - Short near the resistance at 1.6841 if price bounces up to retest it - Or wait for a clean break below the key support at 1.4722 to chase the move
🛑 Stop-loss: 1.7400 (safe above the local high/resistance)
💰 Targets: - First TP around 1.4200 - If it really breaks 1.4722, next level down is 1.388
Long holders, stay cautious. Shorts, wait for confirmation so you don't get whipped 🚀 {future}(SUIUSDT)
Price is stuck in a tight range right now, but selling pressure is clearly in control. Short-term, I'm leaning more toward downside.
1. Volume: The recent red candles had pretty high volume → active selling was strong. But the last couple candles show volume dropping off noticeably, so the selling might be taking a breather for now.
2. Capital flows: Derivatives are bleeding hard across all timeframes (24h net outflow -16.62M USDT) → futures traders are dumping aggressively. Spot side has a small inflow (+2.09M USDT over 24h), but it's not nearly enough to counter the derivative pressure.
#SUİ #SUIUSDT Cautious short
📍 Entry zones: - Short near the resistance at 1.6841 if price bounces up to retest it - Or wait for a clean break below the key support at 1.4722 to chase the move
🛑 Stop-loss: 1.7400 (safe above the local high/resistance)
💰 Targets: - First TP around 1.4200 - If it really breaks 1.4722, next level down is 1.388
Long holders, stay cautious. Shorts, wait for confirmation so you don't get whipped 🚀 {future}(SUIUSDT)