$SUI : Short-Term Rejection After Brief Recovery
SUI attempted a minor recovery after bouncing from the $3.75 zone but is now showing signs of weakness near $3.85 resistance. The recent lower highs and failure to sustain upward momentum suggest possible continuation of the downtrend unless $3.87 is broken with strong volume. Watch for a bearish breakdown if the price dips below $3.80 again.
Trade Setup:
Entry (Short): $3.83 – $3.85
Stop Loss: Above $3.88
Target 1: $3.78
Target 2: $3.74
Target 3: $3.69