$SUI/USDT – Bearish Setup in Play!

Current Price: $3.8150 (+1.27%)

$SUI just touched resistance at $3.8750 and is now pulling back, hinting at a potential lower high—a promising setup for a short position.

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Key Levels to Watch:

Resistance: $3.8750

Support: $3.7080

Short Trade Plan:

Entry Range: $3.8300 – $3.8600

Take Profit Targets:

TP1: $3.7700

TP2: $3.7250

TP3: $3.6850

Stop Loss: $3.8850

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Technical Outlook:

The 15-minute chart shows a double top rejection

Bullish momentum is fading

Volume is declining

Bearish engulfing candles are forming under $3.8400

Pro Tip:

Wait for a failed breakout or a solid bearish confirmation below $3.8300 before entering. Due to $SUI

volatility, position sizing is key.

Momentum is fading—bears, this