$SUI BREAKDOWN LOOMING – BOUNCE FAILS TO HOLD ABOVE $3.14
$SUI is currently trading at $3.1332, under pressure after a strong rejection near $3.20+. Price action shows consistent lower highs and failure to reclaim key resistance, hinting at potential further downside.
Key Levels to Watch
• Resistance Zones:
$3.1550 – Immediate resistance cap
$3.2000 – Recovery zone to reclaim momentum
$3.2480 – 24h high and trend reversal trigger
• Support Zones:
$3.1300 – Immediate support range
$3.1020 – 24h low and critical breakdown level
Trade Setup – Rejection & Range-Bound
• Bullish Scenario: A move above $3.1550 could lead toward:
TP1: $3.2000
TP2: $3.2480
• Bearish Scenario: A breakdown below $3.1300 may target:
TP1: $3.1020
TP2: $3.0800
Stop-Loss Strategy:
• Longs: Below $3.1250
• Shorts: Above $3.1600
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