$SUI 📉 Now the question: Will it go Upside or Downside?

📌 Higher probability of Downside, because:

1. Bearish Divergence is visible:

Price has made higher highs but volume or momentum (which can be understood through RSI or MACD) has decreased.

This means — buyers are weakening.

2. Volume is gradually decreasing:

After the breakout, there was a sharp rise, but now the volume has dried up.

This usually indicates a distribution phase.

3. Failed Higher High:

Price has attempted to go above 2.84 several times but has not been able to sustain.

This looks like a liquidity trap — after which the price usually goes down.

4. Strong Support Levels below:

2.6756 and 2.58–2.57 is an important demand zone.

If the market goes towards that, it could be as a retest or pullback.

đŸ”Ŋ My Bias: 60% Downside | 40% Upside

➡ī¸ Unless the price clearly breaks and sustains above 2.85, only then the upside will be confirmed.

đŸŽ¯ What should you do?

✅ If you are a short-term trader:

Wait for the range break.

Trade Downside if it goes below 2.78 — Target: 2.6756 / 2.58

SL: 2.8050

⚠ī¸ Alternatively, if it closes above 2.85, then consider re-entry on the buy-side.