$SUI Analysis: Bearish Momentum in Play
Current Market Snapshot
Price: $2.4980 (-7.57%)
Exchange: Binance
Signal: Strong bearish pressure with high volume
Critical Support & Resistance Levels
Support Zones
Immediate Support: $2.4568 (24h Low)
Critical Support: $2.45 (Psychological level)
Strong Support: $2.40 (Major support zone)
Resistance Levels
Immediate Resistance: $2.52 (Nearest resistance)
Key Resistance: $2.54 (Previous consolidation)
Major Resistance: $2.70+ (24h High recovery)
Trading Scenarios
Bearish Continuation
Entry: Below $2.45 breakdown
Target 1: $2.40
Target 2: $2.35
Stop Loss: $2.52
Bullish Recovery
Entry: Above $2.52 reclaim
Target 1: $2.57
Target 2: $2.65
Stop Loss: $2.47
Strong bearish momentum - wait for clear reversal signals before long positions.