CryptoNewsHQ
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Bearish
SUI Breaking Down? Shorting Opportunity Below $4
$SUI is at a crucial point! If the price drops below the $4 support level, accompanied by a bearish MACD crossover and a spike in volume, we could be in for a significant downturn. This could be a good time to consider a short position. However, remember to manage your risk and place your stop-loss orders above recent resistance levels. Also, keep an eye on the RSI; oversold conditions could hint at a potential price bounce.
#SUI #short #trading #crypto #technicalanalysis
$SUI is at a crucial point! If the price drops below the $4 support level, accompanied by a bearish MACD crossover and a spike in volume, we could be in for a significant downturn. This could be a good time to consider a short position. However, remember to manage your risk and place your stop-loss orders above recent resistance levels. Also, keep an eye on the RSI; oversold conditions could hint at a potential price bounce.
#SUI #short #trading #crypto #technicalanalysis
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