#sui
The market maker is currently relying on a slow bleed strategy and continuous pressure while avoiding any rebound
The market maker keeps the price below the pivot point of 1.5835 with a strength indicator at 32, indicating:
No allowance for a false rebound
Continuous pressure prevents new buyers from seeing an opportunity for a quick rebound
Culling new traders: Keeping the price in a narrow downward range consumes buyers' time and forces them to exit with a loss or a small profit
Target: Break support at 1.5357 towards lower price levels to confirm the decline
1-sui Sell
Entry: Reject the price at 1.5835
Stop loss: 1.6424
Targets: 1.5357 / 1.4706
2-sui Sell
Entry: Break and hold below 1.5357
Stop loss: 1.5674
Targets: 1.5096 / 1.4706 / 1.4000
SUIUSDT
Perp
1.5034
-3.60%