$SUI: Technical Signals Turn Negative as $SUI Selling Pressure Rises
SHORT SETUP SUI
Entry: $0.99150 - $0.99280
Stop Loss: $1.0280
Take Profit: $0.92045 (2R)
Key Levels: Support $0.98040 | Resistance $0.99320
Technical Analysis for $SUI: The shortterm EMAs (9, 21, 50) sit above price, confirming bearish bias. MACD histogram is negative and MACD line is below its signal, reinforcing downside pressure. Stochastic is near oversold at 20, but the order book shows a -8 % askside imbalance. Price sits just below the 1hour resistance at 0.9932, with support at 0.9804.
Market Context: BTC shows a modest 0.9 % rise over 24 h, though the 4hour chart is bearish. Overall market breadth is broadly positive
SHORT $SUI
SHORT SETUP SUI
Entry: $0.99150 - $0.99280
Stop Loss: $1.0280
Take Profit: $0.92045 (2R)
Key Levels: Support $0.98040 | Resistance $0.99320
Technical Analysis for $SUI: The shortterm EMAs (9, 21, 50) sit above price, confirming bearish bias. MACD histogram is negative and MACD line is below its signal, reinforcing downside pressure. Stochastic is near oversold at 20, but the order book shows a -8 % askside imbalance. Price sits just below the 1hour resistance at 0.9932, with support at 0.9804.
Market Context: BTC shows a modest 0.9 % rise over 24 h, though the 4hour chart is bearish. Overall market breadth is broadly positive
SHORT $SUI