SUIUSDT Bearish Reversal : Potential Market Shift on the Horizon ?

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Summary & Analysis :

A bearish shift may be looming for SUIUSDT as it approaches a critical resistance level at $1.9848. Current analysis highlights that a "Change of Character" (CHoCH) near this level could signal a structural change and a downward trend. If the price maintains this level, a bearish reversal could develop around the next resistance at $2.1805. However, any price breakout above $2.1805 would invalidate the bearish outlook, signaling traders to exercise caution and avoid hasty moves.

Conclusion & Advice :

Traders should wait for confirmed bearish signals at key resistance zones to avoid false moves. Holding off until price action aligns with a bearish Order Block (OB) can increase the probability of a successful trade. If a breakout above $2.1805 occurs, it's wise to remain patient and observe for a clearer setup before entering the market.

Final Note :

For strategic trading, patience and discipline are essential. Waiting for high-probability setups around resistance levels allows traders to capitalize on the most reliable opportunities.