$SUI /USDT Technical Outlook 4H Chart
Price continues to form lower highs and lower lows, confirming a short-term bearish trend. However, SUI is now testing a key support zone, which could act as a reversal point if buyers step in.
Trade Setup with Take Profits:
If a bounce occurs from current support:
• Entry Range: $2.76 – $2.79
• TP1: $2.88 – Near-term resistance zone
• TP2: $3.09 – Lower high rejection zone
• TP3: $3.38 – Major structural resistance
• SL: $2.72 – Below key support structure
Outlook:
A confirmed bounce with volume from support may offer a high R:R opportunity. Rejection from resistance zones could lead to a continuation of the downtrend if structure doesn’t break.
