🚨 SUI/USDT – Is the Bounce Real or a Trap?


Just analyzed the 1D chart and here’s what I’m seeing 👇
📊 Current Price: 0.9110
📉 Market Structure: Still showing weakness after rejection near 0.95
After a strong drop from 1.08 → 0.81, SUI attempted a recovery… but sellers are stepping back in.
🔍 Key Zones to Watch
🔴 Resistance: 0.93 – 0.95
🟢 Support: 0.90 → 0.87 → 0.85
⚠️ What’s Next?
👉 If price stays below 0.93
Bearish move likely → 0.88 / 0.85
👉 If price breaks above 0.95 (strong volume)
Bullish continuation → 0.98 → 1.02
💡 My Take:
This looks like a temporary bounce, not a confirmed reversal
Smart traders wait for confirmation — not emotions.
🎯 Trade Idea 🔻 Short: 0.92 – 0.94
🎯 TP: 0.88 / 0.85
🛑 SL: 0.96
OR
🟢 Buy ONLY after breakout above 0.95
🔥 Question for traders:
Are you SHORTING this resistance or waiting for a BREAKOUT?
👇 Drop your strategy below
#GateSquareAprilPostingChallenge #GateSpotDerivativesBothTop3 #GateLaunchesPreIPOS $SUI $BTC $GT
SUI-4,29%
BTC-2,98%
GT-3,07%
post-image
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • 1
  • Share
Comment
Add a comment
Add a comment
YaqubSY
· 5h ago
LFG 🔥
Reply0
  • Pin