$SUI Bounce Trap: Bulls on Thin Ice.....
$SUI is showing signs of weakness after failing to hold its recovery above the 2.91 mark. Sellers have stepped in hard, pushing price below short-term support. The candles are forming a lower high and building pressure near a key breakdown level.
š SHORT Trade Setup
ā¢ Entry Zone: 2.75 ā 2.77
ā¢ TP1: 2.66
ā¢ TP2: 2.59
ā¢ TP3: 2.47
ā¢ Stop Loss: Above 2.83
Market Insight:
After a strong bullish impulse from 2.29 to 2.91, price action has stalled and is forming a distribution pattern. A breakdown from this level could trigger a sharp move back toward the origin of the rally. Watch for volume spikes confirming the bearish reversal.