$SUI Analysis

Market is in distribution phase with sequential lower highs across all timeframes

Key resistance confluence zone at 2.12 area with multiple technical levels (Ichimoku components, Fibonacci levels)

Recent I'm 15m large-range bearish candle (0.71%) with high volume signals institutional distribution

Order block visible at 2.126-2.121 where aggressive selling initiated on elevated volume

Market structure break on 15m timeframe with price crossing below recent swing support

Signal Details

SHORT ENTRY: Current market price (2.110) with confidence score 7/10

Confirmation triggers:

Triple timeframe bearish RSI alignment (all below 50)

15m bearish expansion candle with rising volume

MACD histogram expansion in negative territory

Invalidation conditions:

Price reclaims and closes above 2.124 resistance

15m RSI moves above 55 with strong momentum

Volume surge accompanies upside breakout