$SUI $SUI

SUI/USDT: 🐻 A Bearish Trend

The SUI chart is showing a bearish trend. While there was a recent price surge, the current momentum suggests a potential downward movement.

Key Points:

* Resistance Level: The $2.3438 level has acted as strong resistance, preventing further upside movement.

* Support Level: The $2.2081 level could serve as a potential support level.

* Volume: The trading volume has been relatively low, indicating a lack of significant buying pressure.

Entry Strategy:

Bearish: Consider a short position with a stop-loss above $2.3438 and a take-profit target around $2.2081.

Disclaimer: This is just my two cents. Do your own research before investing. This isn't financial advice.

Let's see if SUI can break out of this bearish trend or if it continues its downward movement.

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