šĀ #SUIUSDT Technical Analysis (4H Chart)
A classicĀ #headandshoulders pattern has formed on the $SUI 4-hour chart ā a well-known bearish reversal signal. Here's a quick breakdown:
š¹Ā Left Shoulder: Forms as the price rises and then pulls back.
š¹Ā Head: Higher high followed by another pullback.
š¹Ā Right Shoulder: A lower high, confirming weakening momentum.
š¹Ā Neckline: Clearly broken around the $3.62 level, confirming the bearish pattern.
š§ This #sui structure often signals aĀ trend reversal, and with the neckline break, sellers could gain control.
š»Ā #SUIš„ Short Setup Highlights: š©ø
Entry: Around $3.62 (neckline break)
Target: Near $3.33 (based on head-to-neckline height projection)
Stop Loss: Around $3.75 (just above right shoulder resistance)
š Volume also supports the pattern ā decreasing during the right shoulder and increasing on the neckline breakdown.
ā ļø Always use risk management ā patterns aren't guarantees, just probabilities. Trade smart. šš¼