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Bearish
$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.
🔽 My Bias: 60% Downside | 40% Upside
➡️ Unless the price clearly breaks and sustains above 2.85, only then the upside will be confirmed.
🎯 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
⚠️ Alternatively, if it closes above 2.85, then consider re-entry on the buy-side.
📌 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.
🔽 My Bias: 60% Downside | 40% Upside
➡️ Unless the price clearly breaks and sustains above 2.85, only then the upside will be confirmed.
🎯 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
⚠️ Alternatively, if it closes above 2.85, then consider re-entry on the buy-side.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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