$SUI USDT ā BEARISH SETUP EMERGING BELOW RESISTANCE š“
REJECTION AT $2.9340 SWING HIGH
MACD MOMENTUM PEAKING ON 1H CHART
$SUI rallied from $2.8261 to $2.9340 but faced rejection at the top. A red candle has formed after the breakout attempt, hinting at buyer exhaustion. MACD bars are flattening, signaling slowing upward momentum and a possible shift in trend.
Short Trade Setup:
⢠Entry: $2.92 ā $2.93
⢠Targets: $2.89 / $2.86
⢠Stop Loss: $2.95
⢠Leverage: 10x
⢠Risk: 2ā3% of wallet
Market Outlook:
Failure to close above $2.9340 may trigger a pullback. A break below $2.91 could confirm short-term downside with bears eyeing lower support levels.
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