$SUI

Chart Analysis

Current Price: $3.49 (down ~3%).

Price is sitting just above a major support zone ($3.40 – $3.60 in red).

Support Levels:

Immediate support: $3.40 – $3.60 (red zone).

Next strong support: Around $2.70 – $2.90 (green zone).

Resistance Levels:

Near resistance: $3.85 – $4.00 (red zone).

Stronger resistance: Around $4.20 – $4.40.

Trendline & Momentum:

The downtrend is still intact (lower highs, lower lows).

Price is under 200 SMA & 50 SMA → bearish bias.

RSI (not shown, but from pattern) likely near oversold range.

Volume & Candles:

Repeated rejections near $3.80 – $4.00.

Current candles show indecision at support ($3.50).

📊 Facts from Chart

Market structure is bearish → downtrend not yet broken.

If $3.50 support fails, next drop could be sharp toward $2.80 – $3.00.

A bounce from $3.50 could retest $3.85 – $4.00 quickly.

✅ Suggestions

For Long (Buy):

Safer entry if it holds above $3.50 support with a bullish candle.

Target 1: $3.85 – $4.00.

Target 2: $4.20 – $4.40.

Stop Loss: below $3.30.

For Short (Sell):

If price breaks & closes below $3.40, short entry possible.

Target 1: $3.00.

Target 2: $2.80 – $2.70.

Stop Loss: above $3.65.

Neutral/Wait:

Market is in a make-or-break zone (3.40–3.60).

Best to wait for confirmation of bounce or breakdown.