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📊 Short-Term Analysis for $SUI /USDT 🔥
📉 Why a Short Bias for Now?
1️⃣ Bearish Rejection Near $3.41 Resistance ❌
🔹 Price sharply rejected from $3.41 — previous resistance.
🔹 Pullback suggests bulls losing momentum at higher levels.
2️⃣ Key Support Zone at $3.15 - $3.20 ⚠️
🔹 Price bouncing weakly near $3.23, but lack of volume = cautious outlook.
🔹 A breakdown below $3.15 could lead to sharp downside.
3️⃣ Decreasing Volume on Upside Attempts
🔹 24H Volume: 55.63M SUI / $183.02M USDT
🔹 Rising price with falling volume = Bearish divergence warning.
4️⃣ Lower Highs Forming on 4H Chart
🔹 Price unable to reclaim mid-resistance at $3.35 - $3.36.
🔹 Downtrend structure building if $3.20 breaks.
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📊 Short-Term Trade Setup
🔻 Short Entry: $3.25 - $3.23 (On bounce rejection)
🎯 Targets: $3.20 / $3.15 / $3.05
🛑 Stop Loss: $3.28 (Above local resistance)
🔹 Breakout Flip Setup (If bullish reclaim):
🔹 Long Entry: Above $3.36 with strong volume
🎯 Targets: $3.41 / $3.50 / $3.60
🛑 SL: $3.28
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🔎 Confirmation Needed:
❌ Close below $3.20 = Bearish continuation
✅ Reclaim $3.36 with strong volume = Flip to Bullish
⚠️ Risk Management:
🔸 Use strict SL near resistance ($3.28)
🔸 Watch 15m / 1H for breakdown or breakout candle
📉 Overall Bias: Bearish (Below $3.28 with $3.20 as key pivot)