$SUI/USDT Short Trade Setup – Bearish Move Ahead? 🔥
📍 Current Price: $3.0656
🔻 Short Setup (Bearish Trade Plan)
📌 Entry Zone: $3.0800 – $3.1200
📌 Key Resistance Levels: $3.1500 – $3.2000
🎯 Target 1: $3.0000
🎯 Target 2: $2.9500
🎯 Target 3: $2.9000
📌 Stop Loss: $3.2500 (Placed above major resistance)
Market Overview & Trade Setup
SUI is currently testing a strong resistance zone around $3.1200 – $3.2000, where selling pressure has been observed. If buyers fail to push the price above this level, a downward move is likely. The bearish setup remains valid as long as the price stays below key resistance.
SUI is displaying weak bullish momentum, increasing the probability of a rejection. If price struggles near resistance and lacks strong buying volume, it reinforces the short setup.
📌 Risk Management & Trade Strategy Keep risk limited to 2-3% per trade to avoid significant losses. Set a stop-loss above $3.2500 to prevent unexpected breakouts. Look for confirmation—a failed breakout near $3.1200 – $3.1500 with low volume strengthens bearish bias. 💡 Pro Tip:
A rejection candle or a bearish divergence on lower timeframes can provide additional confidence in entering a short trade. Stay patient, manage your risk, and let the setup play out! 🚀