Momentum Exhaustion: $SUI Rejection at $0.92 Resistance
The Trade Plan (Short)
Entry Zone: 0.900 – 0.915
Stop Loss: 0.930
Targets: 0.890 | 0.875 | 0.860
Despite the anticipation for the CME SUI Futures launch on May 4, $SUI is struggling to maintain its recovery. The technicals show a clear distribution pattern after the localized "Scallop exploit" noise, with every relief rally being met by sell-side liquidity. We are fading the "weak bounce" as the market prepares for a deeper retest of the psychological floor.
Execution: Look for a 15M candle close below $0.895 to confirm the breakdown. We are trading the structural weakness, not the headlines.
Will the CME launch be a "sell the news" event, or can SUI hold the $0.85 floor? 👇
Trade $SUI here
SUIUSDT
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