$SUI SHARP SELL-OFF – CAN BULLS STAGE A RECOVERY?
$SUI/USDT just plunged from $3.2555 to a fresh low of $3.2166, now stabilizing at $3.2173 with a massive -6.06% daily drop. Selling pressure intensified with volume surging to 4.88M—this move is heavy, but a snapback could be brewing.
Key Levels to Watch:
• Resistance Zone: $3.2700 – $3.3050
A breakout here could re-test the short-term trendline.
• Support Zone: $3.2160 – $3.1800
Holding above $3.2160 is crucial—losing this zone may drag price deeper.
Trade Setup:
• Bullish Entry: Break above $3.2700
• TP1: $3.3000
• TP2: $3.3400
• Bearish Entry: Break below $3.2160
• TP1: $3.1800
• TP2: $3.1400
Stop-Loss Guidance:
• Bullish: Below $3.2160
• Bearish: Above $3.2700
This drop may trap late sellers if volume shifts bullish—stay reactive, not predictive.