$SUI Showing Early Signs of Exhaustion Caution Advised!

$SUI is currently trading at $2.9992 after peaking at $3.1296, marking a sharp fade from its intraday high. While it still holds a green candle on the day, the rejection from above $3.12 and the rising selling pressure suggest caution going forward.

📊 Key Levels to Watch:

• Resistance: $3.1296 – Sellers defended this level strongly

• Support: $2.9540 – A break below could lead to deeper retracement

🎯 Trade Setup:

• Short Entry: Below $2.9700

• TP1: $2.8800

• TP2: $2.7900

• Stop-Loss: Above $3.1296

Volume is still healthy, but momentum has shifted—watch for breakdown confirmation.