SUI/USDT 1H Analysis: Bearish Structure in Play
2025-01-14
Category: None

SUI/USDT 1H Analysis: Bearish Structure in Play

 
 Current price: $4.51, trending downward in a clear bearish structure.
 Equilibrium zone: $4.80 – multiple failed attempts to reclaim this level, with consistent lower highs signaling seller dominance.
 Support and resistance:
 Current support: $4.30 ("Discount" zone).
 Major resistance: $4.70.
 Recent price action:
 The bounce to $4.51 appears to be a classic retest of broken support, aligning with typical bear market behavior.
 Trade setup:
 Rated 7/10 for shorts, but caution is advised as oversold conditions are approaching.
 Short entries could target $4.30, with stops above $4.70 to manage risk.
 Outlook: The bearish structure remains intact unless price breaks convincingly above the equilibrium zone of $4.80.
 
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