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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)
$BTC $ETH $XRP 📉 Market & Price Action: Bitcoin, Ethereum, and XRP down again as markets slide selling pressure after economic data weighed on hopes for a rebound.Crypto markets trading cautiously with price volatility across major assets.Live market headlines show continued sharp moves and sentiment shifts. 📈 Bullish Outlook & Institutional Moves: Bitwise predicts Bitcoin may break the four year cycle and hit new all time highs in 2026 with lower volatility.Cathie Wood’s ARK Invest buys $50M in crypto related stocks Coinbase, Circle, Bitmine, etc. signaling institutional conviction. 🧑⚖️ Regulation & Policy: Regulators emphasize blockchain transparency but warn ongoing volatility risks. 🌍 Global Adoption & Programs: Marshall Islands launches UBI scheme that can be received in stablecoin, a world first crypto delivery program. 🚀 Industry & Exchange Moves: Crypto exchange HashKey debuts on the Hong Kong stock market, raising $206 M in its IPO amid sector volatility.
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To express my heartfelt thanks, I've prepared a special Christmas red envelope 🧧 for you all! The amount you get is up to luck—consider it a sprinkle of holiday cheer. Feel free to share this post with your friends too!
Thank you once again from the bottom of my heart. Let's continue this journey together in the coming year!