$SUI could break this zone or bounce? 👀
Price is at $1.1189, down 5.82%, and it's testing the 24h low of $1.1049 after a steady grind lower from the $1.29 peak. Momentum is clearly bearish on the 4H.
The key level I'm watching is $1.1534. As long as price stays below it, the downside prevails.
If bulls reclaim $1.1534: A bounce back toward $1.2331 comes into play.
If bears break $1.1049: The next stop is the $0.9940 support zone.
My read: Sellers are in control on short term time frames.
Price is at $1.1189, down 5.82%, and it's testing the 24h low of $1.1049 after a steady grind lower from the $1.29 peak. Momentum is clearly bearish on the 4H.
The key level I'm watching is $1.1534. As long as price stays below it, the downside prevails.
If bulls reclaim $1.1534: A bounce back toward $1.2331 comes into play.
If bears break $1.1049: The next stop is the $0.9940 support zone.
My read: Sellers are in control on short term time frames.
