$SUI 🥶 Bearish Chill Continues - Key Levels in Focus !!
$SUI is currently trading at $4.6975, down -7.11% after a chilly dip from its 24-hour high of $5.1717. 🥶 The RSI is hovering around 31.09, hinting at potential oversold conditions, but the MACD remains firmly bearish, suggesting the selling pressure isn't thawing anytime soon. ❄️
Key Levels to Watch:
* Resistance: $4.8500 - A break above this level could signal a warm-up towards $5.0000 and $5.1500. 🔥
* Support: $4.6600 - A slip below this level could trigger a deeper freeze, potentially reaching $4.5000 or even lower. 🧊
Trade Setup:
* Long Entry: Above $4.7500, targeting $4.8500 and $5.0000. 🔥
* Short Entry: Below $4.6600, targeting $4.5000 and $4.3500. 🧊
* Stop-Loss: $4.7000 for longs or $4.6900 for shorts.
Market Insight:
The bearish chill has firmly gripped $SUI, with strong selling pressure dominating. ❄️ While the RSI may suggest a potential thaw, traders should proceed with caution and wait for confirmation before entering positions. ⚠️ A decisive move at $4.6600 will likely determine the direction of the next trend.
$SUI is currently trading at $4.6975, down -7.11% after a chilly dip from its 24-hour high of $5.1717. 🥶 The RSI is hovering around 31.09, hinting at potential oversold conditions, but the MACD remains firmly bearish, suggesting the selling pressure isn't thawing anytime soon. ❄️
Key Levels to Watch:
* Resistance: $4.8500 - A break above this level could signal a warm-up towards $5.0000 and $5.1500. 🔥
* Support: $4.6600 - A slip below this level could trigger a deeper freeze, potentially reaching $4.5000 or even lower. 🧊
Trade Setup:
* Long Entry: Above $4.7500, targeting $4.8500 and $5.0000. 🔥
* Short Entry: Below $4.6600, targeting $4.5000 and $4.3500. 🧊
* Stop-Loss: $4.7000 for longs or $4.6900 for shorts.
Market Insight:
The bearish chill has firmly gripped $SUI, with strong selling pressure dominating. ❄️ While the RSI may suggest a potential thaw, traders should proceed with caution and wait for confirmation before entering positions. ⚠️ A decisive move at $4.6600 will likely determine the direction of the next trend.
