$SUI 💧💰 $SUI/USDT - Pullback After High - Watching for Reversal

🔍 Current Observation:

Pullback from $3.8750$ high.

Trading below 7 and 25 EMAs.

Above 99 EMA (potential support).

Low RSI (oversold).

🤔 Potential Scenarios:

Bounce and Reversal (support at 99 EMA holds).

Further Downside (99 EMA breaks).

🔭 Key Levels to Watch:

Resistance: $3.5054$ (7 EMA), $3.5583$ (25 EMA), $3.8750$.

Support: $3.5312$ (99 EMA), $3.40$, $3.20$, $3.00$.

📊 Technical Indicators:

EMAs: 7 & 25 short-term resistance, 99 EMA potential support.

RSI: Low (oversold - potential bounce).

⏳ Potential Trade Plan (Wait for Confirmation):

Aggressive Long (High Risk): Around current price (bounce off 99 EMA - tight SL).

Conservative Long: Break above 7 & 25 EMAs with volume.

Short Entry: Break below 99 EMA with volume.

💭 Final Thoughts:

$SUI$ in pullback. Watch 99 EMA for support and short-term EMAs for resistance. Wait for confirmation before trading. 💧💰