analysis 📊Sui SUI-->>USDT 4H Technical Analysis🚀

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1. Current Market Situation

• Price: $3.39

• The market is currently trading just above a local support zone around $3.30 – $3.35.

• A bounce has recently occurred from this support, but the structure suggests a possible lower high formation, pointing to weakness.

• Buyers are showing some reaction, but sellers still dominate overall.

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2. Support & Resistance Levels

• Resistance zones (selling pressure):

  • $3.50 – $3.60 → nearest resistance.

  • $3.80 – $3.90 → strong historical supply.

  • $4.10 → major rejection zone.

• Support zones (buying interest):

  • $3.30 – $3.35 → short-term support where price is consolidating now.

  • $3.10 – $3.15 → strong support and the next potential target on correction.

  • $2.80 – $2.90 → deeper demand zone.

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3. Trend & Market Sentiment

• Short-term trend: Bearish, price is making lower highs and lower lows.

• Medium-term trend: Neutral-to-bearish, still inside a corrective structure after strong previous rallies.

• Sentiment: Weak – buyers are not showing enough strength to push through resistances.

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4. Formations & Price Action

• Market has formed a bearish projection: price is expected to rise slightly, then correct back toward $3.10.

• The chart suggests a possible descending channel or ABC correction pattern.

• If $3.10 holds, a sideways accumulation could form before the next bigger move.

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5. Trading Plan – Possible Scenarios

📉 Short Setup (main bias now)

• Entry: $3.50 – $3.55 (resistance zone rejection).

• Stop Loss: Above $3.70.

• Take Profit 1: $3.30.

• Take Profit 2: $3.10.

• Take Profit 3: $2.90 (extended target).

📈 Long Setup (wait for confirmation)

• Entry 1: Around $3.10 (bounce from strong support).

• Entry 2: Around $2.90 (deeper accumulation zone).

• Stop Loss: $2.95 (for $3.10 entry) / $2.70 (for $2.90 entry).

• Take Profit 1: $3.30.

• Take Profit 2: $3.60.

• Take Profit 3: $3.90 – $4.10 (if breakout momentum builds).

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6. My Personal Take

Right now, the better play is to look for a short position near $3.50, with targets down to $3.10.
For a long position, I’d personally wait for a strong reaction from $3.10 before entering. Entering long now looks too risky with current weakness.

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7. Reminder

This analysis is based on the 4-hour timeframe.
👉 For more precise trading signals on shorter timeframes (15m, 1h), you can unlock the premium plan – it gives access to professional scalping and intraday setups for maximum accuracy.

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⚠️ Disclaimer

This is not financial advice. Every position should be analyzed independently before execution. Always use stop losses and proper risk management.