Asset: $SUI Perpetual🚨🚨
Direction: Short
Entry Price: $3.74
Take Profit (TP): $3.68
Stop Loss (SL): $3.81
Technical Analysis:
The 1-hour chart of SUIUSDT indicates a clear short-term downtrend. Price recently broke below the 99-period moving average ($3.9717) and is now trading below the 7 MA ($3.8045) and 25 MA ($3.8846), suggesting strong bearish momentum.
The recent low of $3.6826 has been tested, and while there may be minor consolidation, failure to reclaim the $3.80-$3.88 resistance zone (previous MA levels and supply area) confirms bearish pressure.
Trade in 0 percent Commision from Here: $SUI