$SUI/USDT is showing a clear downtrend structure after a strong dump earlier. The price continuously forms lower highs, indicating that the sellers are still in control of the main trend. The recent rebound is quite weak, with buying pressure not strong enough to break the short-term resistance zone, creating an opportunity for a short trade following the trend.


Currently, the 0.900 โ€“ 0.915 zone is considered a reasonable entry area when the price retraces to test the resistance. If a rejection signal appears in this area, it is highly likely that the market will continue to correct downward as per the previous trend.
๐ŸŽฏ Take profit targets:
โ€ข TP1: 0.890
โ€ข TP2: 0.875
โ€ข TP3: 0.860
๐Ÿ›‘ Stop Loss: 0.930
This strategy is suitable for trend-following trading, with a focus on strict capital management and adhering to stop-loss points in case the market reverses unexpectedly. As long as the downtrend structure remains intact, the sellers still hold the short-term advantage.
{spot}(SUIUSDT)
SUI-2.61%
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