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Sellers have regained control of $SUI
After failing to sustain the breakout above the $1.15 resistance zone, price reversed sharply and broke back below key intraday support. The rejection from higher levels confirms weakening bullish momentum and increases the probability of further downside movement.
SHORT SETUP
Entry: $1.10 - $1.12
Target 1: $1.08
Target 2: $1.06
Target 3: $1.04
Stop Loss: $1.16
A recovery above resistance would invalidate the bearish outlook, but for now momentum favors the downside.
#TradfiTradingChallenge #GrayscaleBuysAndStakesOver510KHYPE