🚨 $SUI LOSING STEAM — OR SETTING UP FOR A COMEBACK BOUNCE? 🔁🔥
$SUI/USDT has dropped to $3.2551, down -5.73%, after failing to hold above the $3.50 zone. The 4H chart shows a rejection from $3.5597, followed by a clean breakdown below the 7, 25, and 99 MA lines — signaling short-term weakness and potential for further downside if bulls don’t reclaim momentum soon.
However, price is approaching a short-term oversold zone. If $3.24–$3.25 holds, this could become a bounce-trade opportunity for intraday scalpers or short-term swing traders.
📊 Trade Setup (Bounce Idea):
• Entry Zone: $3.23 – $3.26
• Take Profit 1: $3.34
• Take Profit 2: $3.44
• Stop Loss: $3.19
📌 Support to Watch: $3.24 — Critical for holding structure
📌 Resistance to Break: $3.38 — Reclaim needed for bullish recovery
Watch closely — a candle close below $3.23 opens the door to $3.12 levels, but if this range holds, bulls could catch the dip for a clean rebound.
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