$SUI
SUIUSDT
Perp
1.6098
-1.84%
I /USDT SHORT TRADE SETUP
$SUI is trading at 1.6192. The price was recently rejected from the 1.6586 high and is currently trading below the MA(7) at 1.6223 and the MA(25) at 1.6281. The price action shows sellers stepping in to push the price lower after failing to sustain the higher levels. This suggests a potential short-term continuation to the downside.
Target Points
TP1: 1.6100 (Immediate psychological support level)
TP2: 1.6048 (MA(99) line, which should act as the next major support)
TP3: 1.5950 (Key structural support from the previous swing low)
Stop Loss
Set stop loss above 1.6350 to limit upside risk (Above the recent consolidation and the MA(25)).
Sell and Trade here on $SUI
