$SUI /USDT BEARISH BREAKDOWN – HEAVY SELL-OFF IN MOTION 🚨🔻
🔍 Technical Analysis (1D Chart – Binance)
$SUI is under intense bearish pressure, currently trading at $2.9441, down -7.60% over the past 24h. After failing to hold above the $3.20–$3.25 zone, the price is sliding rapidly with strong volume confirmation. Sellers are clearly in control. ⚠️
📉 Key Levels:
🔸 Resistance:
$3.25 – Major resistance (recent high)
$3.00 – Psychological barrier now acting as resistance
🔹 Support:
$2.85 – Immediate support (24h low)
$2.70 – Next potential bounce zone
$2.50 – Strong demand area from historical price action
💣 Trade Setup (SHORT ENTRY):
📍 Entry Zone: $2.94 – $2.96
🎯 Targets (TP):
TP1: $2.85
TP2: $2.70
TP3: $2.50
🛑 Stop Loss (SL): $3.12
📊 Indicators Flashing Bearish:
Trading below 50 SMA
Volume spike with red candles
Failed bullish breakout from $3.20
⚠️ Risk Management:
Limit exposure to 1-2% of total capital per trade. Stick to the SL. Protect your equity and stay disciplined. 🚫💸
📉 Summary:
$SUI/USDT is breaking down hard after a failed rally. Bears are driving this market – shorting rallies into resistance zones is the play. Eyes on $2.70–$2.50 as the next downside targets! 🔥📉
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