SUI – Weak increase, selling pressure gradually dominates, consider Short according to the trend
Current price: ~$2.9
SUI is showing signs of weakening after a slight rebound. The upward momentum is no longer strong, facing resistance around the $3.00–$3.05 range. Selling pressure is gradually increasing, especially if BTC cannot maintain the support level.
🔹 Spot Strategy:
⛔ Not recommended for Spot at this time. SUI has not formed a clear medium-term bottom and is still in a corrective phase.
🔸 Future Strategy:
1. Short (preferred if testing the resistance area again):
• Entry: 3.01
• SL: 3.055
• TP: 2.895
🟠 Probability: 65%
📌 This is a strong short-term resistance area. Consider shorting if a clear rejection candle or weak volume appears.
2. Long (quick scalping, not preferred):
• Entry: 2.85
• SL: 2.80
• TP: 2.95
🔵 Probability: 35%
📌 Only suitable if there is a strong pullback from support. Should not hold for long due to narrow profit and high risk if BTC continues to decline.
⚠️ Warning: SUI is easily affected by speculative capital flows and BTC volatility. Do not hold positions overnight. Prioritize trading according to the main trend which is Short.
⏱ Update: 15/6/2025 – 07:15 GMT+7