$SUI /USDT – Short Trade Signal 💯 🔥
Current Price: 3.4927
Timeframe: 15-Minute Chart
Market Trend: Bearish
Setup Type: Short (Downtrend continuation)
Entry Range:
Ideal short entry between 3.48 – 3.50, right below minor resistance after a failed recovery attempt.
Take Profit Levels:
TP1: 3.435 – Near today’s 24h low
TP2: 3.390 – Strong support zone based on previous bounce
TP3: 3.345 – Extended target if selling pressure continues
Stop Loss:
Place SL just above 3.540 to protect against sudden reversal or fakeouts near resistance.
Technical Breakdown:
Price Action:
SUI has declined over 10.8% in the last 24 hours, showing clear bearish sentiment. Current price action shows multiple failed bullish candles that couldn’t break above 3.50 resistance.
Volume Analysis:
Volume remains steady but mostly sell-driven, indicating distribution rather than accumulation.
Structure:
Lower highs and lower lows dominate the recent 15-minute structure. The short setup aligns with this pattern and targets a continuation of the existing downtrend.