#SUIUSDT : Bearish Breakdown Imminent - Short Opportunity! 🚨
Current Price: $3.13784 (-1.64%)
Trend: Strong Bearish (MACD negative, RSI oversold but downtrend intact).
Key Resistance: 3.24655 (Middle Bollinger Band).
Trade Strategy
1. Entry (Short):3.24500
- Why?* Retest of middle Bollinger Band + 24h high rejection zone + MACD/RSI bearish confluence.
2. Targets:
- TP1:3.12352 (Lower Bollinger Band)
- TP2: 3.10000 (Psychological support)
3. Stop Loss:3.26500 (above 24h high).
4. Position Size: 1–2% risk per trade.
Why Bearish?
- 📉 MACD Negative: DIF/DEA below zero, accelerating bear momentum (-0.00697).
- 📊 Sentiment: 74.21% long accounts → crowded longs risk squeeze (liquidation fuel).
- 🎯 Oversold Trap: RSI(6) at 26.71 & Williams %R at -86.18 signal exhaustion, but no reversal confirmation.
- 🔻 Volume/OBV: Rising volume (5.28M vs MA 3.34M) + weak OBV (65M) hints at seller dominance.
Surety Rate: 85% (High resistance confluence + bearish structure).
#SUI #ShortSqueeze #CryptoAlert #Bearish
Disclaimer: Monitor resistance for rejection signals. Trade responsibly! 🔒