$SUI 1. Price Action
The recent high was made at 4.4478, after which the market has been moving downward.
Currently, the price is around 3.50 and is consistently forming lower highs and lower lows.
2. Trend Line
The upward trendline (yellow line) has been broken.
New candles are pointing downward and are testing support levels (first 3.6068 and now near 3.50).
3. Indicators
RSI is around 32 → indicating the market is close to the oversold zone, but the pressure is still downward.
MACD is also trending downwards → showing bearish momentum.
🔻 Conclusion
Currently, the trend is in a downtrend (bearish).
If the 3.50 strong support breaks, the price can fall further toward 3.13 – 2.95.
If a bounce happens, there could be a short-term pullback, but the overall trend is still downward.
📌 Trading Plan (SUI/USDT)
🔹 Scenario 1: If price breaks below 3.50
Entry (Short Sell): Around 3.48 – 3.45
Stop Loss: Above 3.62
Targets:
Target 1 → 3.30
Target 2 → 3.13
Target 3 → 2.95
🔹 Scenario 2: If price bounces at 3.50
Entry (Buy/Long): Around 3.52 – 3.55
Stop Loss: Below 3.38
Targets:
Target 1 → 3.80
Target 2 → 4.08
Target 3 → 4.45
⚡ Note:
Trend = Bearish right now.
RSI near oversold = possible small bounce, but momentum is still weak.
Always use stop-loss and manage risk (max 2–3% of account per trade).