🚨 SUI/USDT Technical Setup Alert! 🚨

Is this pullback about to fail? Here’s a quick bearish continuation setup I'm watching.

📉 Current Status: Price:~$3.4045 Trend:Downtrend (Lower Low on 06/16) Key Resistance:MA5 at **$3.46**

🎯 Trade Idea (Short on Rejection): •Entry Zone: $3.40 - $3.43 •Stop-Loss: $3.50 (Above MA5 & recent structure) •**Target 1:** $3.20 •Target 2: $3.10 •Risk/Reward: A solid 1:3

🔍 The Logic (Why It Might Work): Price is in a clear downtrend and is currently pulling back into a key resistance confluence:

1. The dynamic MA5 resistance

2. The recent local high This is a classic"resistance retest" setup. The bearish MACD crossover suggests momentum is fading, supporting a potential rejection and resumption of the downtrend.

⚠️ Important Note: A break above$3.50 would invalidate this bearish thesis and could signal a stronger push upward. Always manage your risk!

#SUI #USDT #TradingView #CryptoTrader #TechnicalAnalysis #Bearish #BinanceSquare

(Not financial advice. Do your own research before trading!)