$SUI /USDT BEARISH ENGULFING SIGNAL — STRONG DOWNSIDE PRESSURE IN PLAY
Price has plunged to $3.62, losing over 5% in the last session after rejecting near the $4.20 resistance zone. The market formed a clear bearish engulfing pattern on the 4H chart, breaking previous higher lows and pushing below minor support at $3.70 — signaling a short-term trend reversal.
Trade Setup (Short):
Entry: $3.64 – $3.68
Take Profit (TP): $3.42 / $3.28
Stop Loss (SL): $3.82
Market Outlook:
Momentum has flipped bearish with rising volume and lower lows forming. If price fails to reclaim $3.70, downside continuation is likely. RSI shows weakness, confirming sell-side pressure.
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