Coin Name : ##SUIUSDT

Signal Type : Short

As we can see the price of $SUI chart is moving within a descending channel forming lower highs and lower lows ,confirming a strong downtrend. price is is testing a key support area inside the demand zone. A break below this support area could lead us to the further downward move. MACD bearish crossover indicating downward momentum. RSI is near oversold but no strong bullish confirmation yet. So according to my trade plan this is bearish scenario.

Trade Setup :

Entry - 2.2173

Tp 1 - 2.0538

Tp 2 - 1.9267

SL - 2.5529

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