$SUI / Technical Outlook 4H Chart
The price continues to form lower highs and lower lows, confirming a short-term bearish trend. However, SUI is now testing a key support area, which could act as a reversal point if buyers step in.
Trading setup with profit-taking:
If a rebound occurs from the current support:
• Entry range: $2.76 – $2.79
• TP1: $2.88 – Nearby resistance area
• TP2: $3.09 – Lower high rejection area
• TP3: $3.38 – Major structural resistance
• SL: $2.72 – Below the main support structure
Outlook:
A confirmed rebound with volume from support may provide a high R:R opportunity.
Rejection from resistance areas may lead to the continuation of the bearish trend if the structure is not broken.