SUI/USDT 1H: Bears in Control, Eyes on $3.50 Reversal Zone !

SUI/USDT 1H Chart Analysis (Smart Money Concepts)
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Current Market Structure:

• Bearish momentum after breaking support at $4.20.
  
• RSI: Bearish divergence at the recent high of $4.00, signaling potential continuation of the downtrend.
  

Key Levels:

• Resistance: $4.20 (previous support turned resistance).
  
• Support: $3.50-$3.60 (discount zone).
  
• Current Price: $3.87
  

Trade Setup (Confidence Level: 6/10):

• No entry recommended at current levels due to:
  
• Bearish momentum dominance.
  
• Lack of a clear accumulation pattern.
  
• Risk Score: 7/10 (high-risk environment).
  

Recommendation:

• Wait for one of two scenarios:
  
• Reversal confirmation near $3.50-$3.60 support.
  
• Break and retest of $4.20 resistance with bullish momentum.
  

Market Maker Analysis:

• Distribution phase likely still ongoing.
  
• Market makers appear to be targeting the discount zone ($3.50-$3.60) for potential accumulation before a reversal.
  
• Observation: Current price action suggests caution; stay patient for stronger confirmation of reversal or trend change.
  

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