$SUI BEARISH SETUP — SUPPLY REJECTION CONFIRMED, MORE DOWNSIDE AHEAD!
$SUI faced a strong rejection from the $4.20 supply zone, forming a large bearish candle that engulfed the previous breakout. The price is now consolidating just above key support at $4.00, but repeated lower highs suggest seller strength and a likely continuation to the downside.
Trade Setup:
Entry (Short): $4.01 – $4.02
Take-Profit (TP): $3.89
Stop-Loss (SL): $4.07
Market Outlook:
With bearish volume picking up and a clear rejection from resistance, momentum favors short traders. Breakdown below $4.00 will likely trigger accelerated selling pressure. Be cautious of fake-outs; wait for confirmation.
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This is your signal. Tap in before the next breakout candle!
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