š $SUI /USDT ā Bearish Momentum Pauses, Short-Term Bounce Ahead? š§
SUI has been under steady selling pressure after rejecting from the $3.55 zone, losing major support levels and sliding as low as $2.80. However, a slight rebound near MA(7) hints at potential for a short-term relief rally if buyers step in.
š Technical Analysis
⢠MA Breakdown: Trading below MA(25) = $3.15 and MA(99) = $3.24 confirms strong bearish dominance.
⢠Support Zone: $2.80 ā $2.83 remains critical. A break below this level could trigger further decline.
⢠Resistance Zone: First challenge lies at $3.00, followed by $3.15.
⢠Short-Term Signal: Weak recovery candle forming above $2.93 ā potential bounce if volume picks up.
šÆ Trading Plan
š“ Short-Term Bearish Setup
⢠Entry: $2.98 ā $3.02
⢠TP1: $2.90
⢠TP2: $2.83
⢠SL: $3.08
š¢ Aggressive Bounce Trade
⢠Entry: $2.94 ā $2.97
⢠TP1: $3.02
⢠TP2: $3.12
⢠SL: $2.89
š Watch Volume Closely: Without strong buying pressure, this move may fade quickly. Momentum remains bearish until major MAs are reclaimed.
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