$SUI ๐จ SUI/USDT Technical Breakdown ๐จ
๐ฐ Price: $3.8597 | ๐ 24h High: $4.0017 | ๐ 24h Low: $3.7960
โ ๏ธ Bearish Reversal Alert!
SUI hit a resistance zone near $4.00, but failed to break higher โ forming a rejection wick, a classic sign of selling pressure. This signals a potential strong bearish reversal from the top.
๐ Resistance:
๐บ $4.00 โ $4.08 โ Strong rejection zone
๐บ Heavy sell pressure indicated by the long wick
๐ Support Levels to Watch:
๐ป $3.53 โ EMA(7)
๐ป $3.18 โ EMA(25)
๐ป $2.95 - $2.58 โ Previous consolidation and breakout zone
๐ Indicators Flashing Caution:
MACD showing overbought conditions
Volume spike with a red candle = distribution
Potential drop toward $3.50 โ $2.90 if bearish momentum builds
๐ก Strategy:
โ Watch for breakdown confirmations
โ Avoid long entries near resistance
๐ Wait for bounce signals near key support
๐ง Remember: Trend is your friend until the end. Donโt catch a falling knife!
