$SUI

Market analysis and trade setup for SUIUSDT (15-minute chart):

Technical Overview:

- Current Price: 2.9923

- MA 7: 3.0267 (above current price, short-term resistance)

- MA 25: 2.9933 (price has just crossed below this)

- MA 99: 2.9572 (acting as support for now)

Indicators Insight:

MACD:

- MACD Line: 0.004770

- Signal Line: 0.011729

- Histogram: Negative (-0.002485)

=> Bearish crossover has just occurred; momentum is shifting to the downside.

RSI (14):

- Current: 46.37

=> RSI has cooled down from over 60 to sub-50, suggesting weakening buying momentum and a potential bearish trend if it dips further below 40.

Price Action:

- Strong upward rally earlier today, but price formed a lower high and is now dipping below both MA 7 and MA 25.

- Candle structure is showing bearish engulfing near the resistance around 3.15.

Trade Setup:

Scenario 1: Bearish (Likely)

- Short Entry: Below 2.98 (confirmation under 99 MA)

- Target 1: 2.95

- Target 2: 2.91

- SL: 3.04 (above recent candle high)

Scenario 2: Bullish Reclaim

- Long Entry: On reclaim and close above 3.03 with strong volume

- Target 1: 3.08

- Target 2: 3.13

- SL: 2.98

Conclusion:

The trend is short-term bearish with weakening momentum and MACD crossover confirmation. RSI dipping adds to caution. Avoid long entries unless price reclaims key levels with momentum. A short trade could be favorable below 2.98 if 99 EMA fails to hold.