📉 $SUI / USDT – CONSOLIDATING AT THE EDGE! 📉

$SUI is currently trading at $3.0258, barely holding above local support after a sharp drop from $3.55.

The 4H chart reveals a prolonged downtrend with tight compression, suggesting a potential breakout or breakdown ahead.

Price is pinned below all major moving averages – MA(7) $3.03, MA(25) $3.26, and MA(99) $3.27 – highlighting strong overhead resistance.

Support at $2.91 has held for now, forming a base — but lack of volume shows hesitation.

A clean 4H candle above $3.09 could spark a reversal play, while failure to hold $2.97 may invite deeper sell-offs.

📊 Trading Plan

Bearish Setup (Continuation)

• Entry: $3.03 – $3.05

• Take Profits: $2.97 / $2.91 / $2.88

• Stop Loss: $3.12

Reversal Long Setup (On Breakout)

• Entry: $3.10 – $3.15

• Take Profits: $3.25 / $3.31 / $3.45

• Stop Loss: $2.99

⚠️ Wait for a decisive breakout or breakdown before entry. Compression range = volatile move incoming.

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