$SUI / USDT – Short Trade Setup! 🚨📉

$SUI is experiencing significant selling pressure, currently trading at $3.8377 (-4.90%) after a sharp rejection from the $4.2000 zone. The 4H chart shows a clear bearish engulfing pattern, indicating a strong shift in momentum to the downside.

📉 Trade Setup:

• Entry Price: $3.8300 – $3.8600

• Take Profit (TP): $3.7000

• Stop Loss (SL): $3.9500

📊 Market Outlook:

SUI is down by -0.83% today, and while it boasts a strong 77.31% gain over the last 30 days, the immediate short-term outlook on the 4-hour chart is bearish. The 24h volume for SUI is 168.27M, suggesting considerable activity during this downtrend. The failure to hold above $4.0000 after such a sharp rejection points to further downside potential.

💡 Pro Tip:

If SUI breaks below the $3.8000 support level, expect a rapid move towards $3.7000. This is a high-volatility setup, so consider using a tight stop-loss and scaling out of positions.

{spot}(SUIUSDT)

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