📉 $SUI coiling for a BREAKDOWN! Trapped below the converged 20 & 50 EMA resistance.
SHORT the breakdown from this compression:
• Entry Zone: $1.1320 - $1.1380 (Below the EMA cluster)
• TP1: $1.1180 (24H Low) | TP2: $1.1000 | TP3: $1.0800
• Stop-Loss: $1.1450 (Above the EMAs and recent swing high)
Logic: Price is compressing under major moving average resistance—a classic bearish consolidation pattern. The converging EMAs indicate a volatility squeeze is imminent, and the path of least resistance is down towards the daily low. Sell the breakdown.
Shorting the squeeze or looking for a bounce? The structure favors the bears. 🔻