🛑$SUI/USDT POTENTIAL SHORT TRADE SIGNAL – Initial Target $3.410 🐻
SUI/USDT is currently trading around $3.490 and has been rejected by the upper Bollinger Band (around $3.595). The RSI (14) is at 48.88, indicating that there is still room for downward movement before becoming oversold. If the price breaks below the middle Bollinger Band (MA 20) at $3.454, a move towards the lower Bollinger Band around $3.348 is possible, with an initial target around the recent minor low.
Trade Setup:
• Entry Zone: $3.480 - $3.500
• Initial Target (TP1): $3.410 ✅
• Potential Further Target (TP2): $3.360 🎯
• Stop-Loss: Above $3.550 🛑
The bearish scenario is more likely if the price fails to hold above the middle Bollinger Band. Watch for increasing volume on any downward move to support this potential short trade.
Disclaimer: DYOR and NFA.
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