$SUI /USDT - Slight rebound after sharp decline!
$SUI recorded a short-term rebound from its low of $3.2155, and is now trading at $3.2424. This follows a sharp decline from the $3.39 area, where sellers dominated for hours. While this green candle shows a reactive push, the structure remains bearish unless the level of $3.28 is regained.
Market Overview:
Current Price: $3.2424
24-Hour High: $3.3911
24-Hour Low: $3.2155
Today: -1.45%
7 Days: -12.23%
Outlook:
The price is attempting to stabilize, but it faces resistance at $3.26, then at $3.28. A lower high is likely to form unless the stock enters strong trading volume. A break below $3.22 could trigger a new wave of selling.
Risk Management Advice:
Avoid entering buy positions until $SUI closes above $3.28 with momentum. For short positions, this rebound presents an opportunity to re-enter on weakness with a stop-loss set above $3.28.
Don't let this breakout pass you by - enter wisely and exit wealthy!
Seize the momentum before it fades - profits favor the brave!
Keep a close eye on the SUI indicator - bulls need more than just a rebound to reverse the trend.
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