๐ป $SUI Short Setup (Live on Binance)
SUI is currently trading at $3.8042, showing continued bearish momentum after a rejection from the $4.4436 high. Price is below the 7-day moving average ($3.9542) and nearing short-term support.
๐ Bearish Bias Active
Price is under key MAs (MA7 and MA25).
RSI(6) is neutral-to-weak at 44.04, indicating room for further downside.
Volume has cooled off, confirming a potential retracement phase.
๐น Entry Zone:
$3.82 โ $3.85 (current region offers live entry)
๐ฏ Targets:
TP1: $3.75
TP2: $3.70
TP3: $3.62
๐ Stop-Loss:
Above $3.88 (just above recent intraday resistance)
๐ Key Notes:
If $3.75 breaks with volume, expect momentum toward $3.62.
Confirm breakdown with candle closes below $3.75 and rising red volume bars.
Watch BTC & market sentiment for added confluence.