$SUI I /USDT โ Market Update & Trade Setup
Current Price: $2.4674 (-1.93%)
Recent High: $2.80
Recent Low: $2.25
Timeframe: 1-Hour Chart
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Market Analysis
๐ Bearish Trend with Short-Term Recovery: #SU$SUI
I/USDT has seen a sharp decline from $3.20, but has shown signs of recovery from $2.25 to $2.60 before facing resistance.
๐ Key Support Levels:
$2.45 - $2.40 (Immediate support)
$2.30 - $2.25 (Major support)
๐ Key Resistance Levels:
$2.60 - $2.65 (Short-term resistance)
$2.80 - $3.00 (Major resistance)
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Trading Strategy โ Short Setup
Entry Zone: $2.47 - $2.50
Stop Loss: $2.60
Take Profit Targets:
TP1: $2.40
TP2: $2.30
TP3: $2.25
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Risk Management & Insights
โ If $2.40 breaks, expect a drop toward $2.30 - $2.25.
โ If price reclaims $2.50 and holds, a short squeeze to $2.60 - $2.65 is possible.
โ Breakout above $2.65 invalidates the short setup.
๐ Pro Tip: Watch for volume spikes around $2.40 โ a break below could trigger further selling.
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