$SUI /USDT Trading Signal – Short Signal Amid Downtrend 🔻
Current Price: $4.5840 (-0.15%)
Signal: Short Position
Entry Range: $4.5800 - $4.6200
Take Profit Levels:
🎯 TP1: $4.5500
🎯 TP2: $4.5000
🎯 TP3: $4.4500
Stop Loss: $4.6500
Technical Observations:
Bearish Momentum: $SUI continues to trend lower, trading below its key moving averages (MA7, MA25, and MA99).
Resistance Zone: Immediate resistance lies at $4.6200 (MA7), making it an ideal level to confirm a short entry.
Support Levels: Key support exists at $4.5500, with further downside potential toward $4.4500.
Actionable Advice:
Initiate a short position within the specified entry range if $SUI sustains bearish momentum. Adjust the stop-loss to secure profits as the price nears the take-profit targets.