🚨 $SUI strong rejection 1.29 indicates profit-taking and a shift in momentum.
· Short-term trend is bearish. Chart exhibits clear Lower Highs (1.29 -> 1.21) and Lower Lows (1.12 -> 1.16).
· Price recently dropped sharply to a local low of 1.16 and is currently hovering around 1.18, attempting to find support after breaking below the key 1.20 psychological level.
🔴 $SUI SHORT (Following short-term downtrend)
· Condition: price retests resistance zone around 1.20 - 1.21 but fails to break above it
· Entry: 1.20 - 1.21
· SL: above 1.25
· TP:
· TP1: 1.16 (Recent local low).
· TP2: 1.12 (Next major support level).
🟢 $SUI Scenario 2: LONG (Support bounce play)
· Condition: price successfully holds 1.16 - 1.17 support zone, forms a double bottom or a strong reversal candle
· Entry: 1.16 - 1.17
· SL: below 1.13
· TP:
· TP1: 1.21 (Previous lower high).
· TP2: 1.25 (Mid-range resistance).
Support me just Trade here👇
#sui
· Short-term trend is bearish. Chart exhibits clear Lower Highs (1.29 -> 1.21) and Lower Lows (1.12 -> 1.16).
· Price recently dropped sharply to a local low of 1.16 and is currently hovering around 1.18, attempting to find support after breaking below the key 1.20 psychological level.
🔴 $SUI SHORT (Following short-term downtrend)
· Condition: price retests resistance zone around 1.20 - 1.21 but fails to break above it
· Entry: 1.20 - 1.21
· SL: above 1.25
· TP:
· TP1: 1.16 (Recent local low).
· TP2: 1.12 (Next major support level).
🟢 $SUI Scenario 2: LONG (Support bounce play)
· Condition: price successfully holds 1.16 - 1.17 support zone, forms a double bottom or a strong reversal candle
· Entry: 1.16 - 1.17
· SL: below 1.13
· TP:
· TP1: 1.21 (Previous lower high).
· TP2: 1.25 (Mid-range resistance).
Support me just Trade here👇
#sui
