$SUI #sui #BinanceSquare
1️⃣ Current Trend
The moving averages (MA7, MA25, and MA99) are pointing downward.
The price broke below the MA99 with strong momentum.
The latest candles show strong bearish pressure.
➡️ This suggests short-term bearish continuation.
2️⃣ Indicators
RSI
It is around 14, which is extremely oversold.
A technical bounce could happen, but that does not necessarily mean a trend reversal.
MACD
Red histogram bars are increasing.
A bearish crossover is confirmed.
➡️ The bearish momentum is still active.
3️⃣ Important Levels Right Now
Current price: 0.893
Support levels:
0.885 – 0.88 (first strong support)
0.865 – 0.86 (next level if support breaks)
Resistance levels if a bounce happens:
0.91
0.925
0.94
4️⃣ Possible Strategy (what a disciplined trader might do)
Scenario A — Technical bounce
If a strong bullish candle appears around 0.885
A bounce could reach 0.905 – 0.915
➡️ This would likely be just a pullback, not a full trend reversal.
Scenario B — Bearish continuation
If 0.885 breaks
The price could drop toward 0.87 – 0.865
5️⃣ If I were trading futures
Based on this chart:
✔️ I would not open a long position yet
✔️ I would wait for a bounce to 0.91 – 0.92 to look for a short
✔️ Or buy only if a strong rebound from support is confirmed$USDC
