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$SUI – Weakening Structure at the Peak and Intense Selling Pressure
Short $SUI
Entry: 1.797 – 1.830
SL: 1.920
TP: 1.650 – 1.580 – 1.490
Price Action Description:
On the 4h chart, $SUI is showing clear signs of exhaustion after failing to sustain its momentum above the 2.00 mark. The current candlestick structure is deteriorating with decisive red bodies and persistent long upper wicks, confirming that sellers are now in full control at the resistance zone. Notably, the price has officially closed below the MA7 and MA25 bands, putting significant pressure on the lower dynamic supports. As buying volume dries up and the price gravitates toward the MA99 (purple line), I expect a deep correction to unfold, likely retesting the previous support levels near 1.50.
Click and trade here👇
Short $SUI
Entry: 1.797 – 1.830
SL: 1.920
TP: 1.650 – 1.580 – 1.490
Price Action Description:
On the 4h chart, $SUI is showing clear signs of exhaustion after failing to sustain its momentum above the 2.00 mark. The current candlestick structure is deteriorating with decisive red bodies and persistent long upper wicks, confirming that sellers are now in full control at the resistance zone. Notably, the price has officially closed below the MA7 and MA25 bands, putting significant pressure on the lower dynamic supports. As buying volume dries up and the price gravitates toward the MA99 (purple line), I expect a deep correction to unfold, likely retesting the previous support levels near 1.50.
Click and trade here👇
Aviso legal: inclui opiniões de terceiros. Não constitui aconselhamento. A Binance AI pode ser utilizada sem garantia. Consulta os Termos e Condições.