🚨 $SUI Imminent Breakdown – Shorting Opportunity! 📉
Entry Zone: 1.4750 - 1.49600
Stop Loss: 1.5350
TP1: 1.4400
TP2: 1.4300
TP3: 1.4150
$SUI is facing strong rejection at 1.4827, forming a clear double top pattern on the 15-minute chart with significant volume spikes. Price is currently retesting short-term resistance at 1.4560 after failing to break previous highs, indicating weakening bullish momentum. 🐻
Trading volume reached 475.3M $SUI, but the 5-day MA volume (1.057B) is lower than the 10-day MA (1.270B), suggesting decreasing capital inflow. With 90-day performance down 56.54% and a 1-year drop of 68.29%, the long-term downtrend is firmly established. A break below 1.4400 could trigger a cascade towards 1.4200-1.4300, sweeping stop losses. 🚀
#SUI #CryptoTrading #ShortOpportunity #TechnicalAnalysis 📉
