$SUI has established a series of lower highs 1.29 to 1.21 and is currently testing a crucial support zone around 1.12.
Short term trend is bearish. It is currently trading around 1.15, struggling to reclaim the 1.16 level. The inability to break higher suggests sellers are still in control.
🎯 Trading Scenarios
Priority is given to SHORT setup due to prevailing lower high structure on the 1H chart and recent rejection from 1.21 peak.
🔴
$SUI SHORT Scenario (Primary)
· Entry: Look for a retest 1.16-1.17 resistance zone and show rejection
· SL: above 1.20 recent swing high
· TP:
· TP1: 1.12 (Current local bottom)
· TP2: 1.09 (Medium-term support)
· TP3: 1.05 (Next potential demand zone)
🟢
$SUI LONG Scenario (Secondary - Scalp Only)
· Entry: only if price hold 1.12 - 1.13 and show bullish reversal candles
· SL: below 1.10 local low
· TP:
· TP1: 1.16 (Nearest resistance)
· TP2: 1.18
· TP3: 1.21
Support me just Trade here👇
#sui