๐ $SUI
/ USDT
Heavy Sell-Off โ Relief Bounce or Bear Trap?
SUI is under intense bearish pressure on the 1H chart, down nearly 18% and still printing lower highs and lower lows after rejecting from the 1.15โ1.17 supply zone. Liquidity was swept near 0.78, and price is now attempting a weak rebound into the 0.88โ0.90 area, which has flipped into immediate resistance.
As long as SUI stays below 0.95, this move looks like a corrective bounce, not a trend reversal. Sellers remain firmly in control, and momentum favors continuation lower.
Trade Setup (SHORT):
โข Entry: 0.88 โ 0.91
โข TP1: 0.84
โข TP2: 0.80
โข TP3: 0.76
โข Stop Loss: 0.97
Until buyers reclaim and hold above key levels, rallies are likely to be sold into, not chased. Risk tight, patience first.