Current price: 3.63
One-hour technical analysis: Price has continuously broken below MA7 and MA30 moving averages, establishing a weak pattern;
MACD death cross downwards, green bars expanding, bearish momentum release has not yet concluded;
One-hour structure support has been broken, bearish dominance, short-term rebounds are just bait for longs.
Four-hour analysis: Obvious breakout pattern: 4.30 forms a short-term top, subsequent highs continue to decline;
Failed to recover after breaking MA100, technical pattern shows confirmation of M-top structure;
Daily structure judgment: After doubling in value since mid-April, a large bearish candlestick + long upper shadow has appeared for the first time recently;
Around 3.60 is the previous platform support level, which has now been breached;
Operation Point
Open position 3.63
First take profit position 3.5745
Second take profit position 3.538
Stop loss position 3.7026
Multi-timeframe shows SUI has entered a clear bearish trend channel, current position is at a key point of a downward continuation pullback, a high-probability shorting point!
Are you still hesitating on such a bearish opportunity? Those who understand to 'follow the trend' have already laid out their positions in advance!#sui #TRUMP #DOGE #xrp #BTC $SUI $BTC $DOGE
