$SUI $SUI $SUI
SUI/USDT Analysis: Bearish Trend Underway
The SUI/USDT pair has been on a downward trend, and the current chart shows a continuation of this bearish momentum.
Key Observations:
* Resistance: The price has faced strong resistance at the $1.7473 level. Any attempts to move above this level have been met with selling pressure.
* Support: The immediate support level is at $1.6548. A break below this level could signal further downside potential.
* Entry Strategy: A conservative entry strategy would be to wait for a break below the $1.6548 support level before entering a short position. More aggressive traders could consider entering a short position at the current price with a stop-loss above the $1.7473 resistance level.
Overall Outlook:
The SUI/USDT pair remains bearish in the short-term. However, it's important to monitor the market closely for any signs of a reversal.
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