$SUI Bounce Trap: Bulls on Thin Ice.....

$SUI is showing signs of weakness after failing to hold its recovery above the 2.91 mark. Sellers have stepped in hard, pushing price below short-term support. The candles are forming a lower high and building pressure near a key breakdown level.

📉 SHORT Trade Setup

‱ Entry Zone: 2.75 – 2.77

‱ TP1: 2.66

‱ TP2: 2.59

‱ TP3: 2.47

‱ Stop Loss: Above 2.83

Market Insight:

After a strong bullish impulse from 2.29 to 2.91, price action has stalled and is forming a distribution pattern. A breakdown from this level could trigger a sharp move back toward the origin of the rally. Watch for volume spikes confirming the bearish reversal.

SUI
SUIUSDT
1.9758
+18.04%