🚀 $SUI /USDT – Bearish Momentum Pauses, Short-Term Bounce Ahead? 🧐
SUI has been under steady selling pressure after rejecting from the $3.55 zone, losing major support levels and sliding as low as $2.80. However, a slight rebound near MA(7) hints at potential for a short-term relief rally if buyers step in.
🔍 Technical Analysis
• MA Breakdown: Trading below MA(25) = $3.15 and MA(99) = $3.24 confirms strong bearish dominance.
• Support Zone: $2.80 – $2.83 remains critical. A break below this level could trigger further decline.
• Resistance Zone: First challenge lies at $3.00, followed by $3.15.
• Short-Term Signal: Weak recovery candle forming above $2.93 – potential bounce if volume picks up.
🎯 Trading Plan
🔴 Short-Term Bearish Setup
• Entry: $2.98 – $3.02
• TP1: $2.90
• TP2: $2.83
• SL: $3.08
🟢 Aggressive Bounce Trade
• Entry: $2.94 – $2.97
• TP1: $3.02
• TP2: $3.12
• SL: $2.89
📌 Watch Volume Closely: Without strong buying pressure, this move may fade quickly. Momentum remains bearish until major MAs are reclaimed.
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