SUI/USD has shown a strong upside move, but is now approaching a key supply zone around 2.46–2.64, which previously triggered significant sell-offs. Price action has printed an extended bullish leg, and risk-reward now favors a short setup.
Bearish Setup:
Entry: 2.4537 (current price)
Stop Loss: 2.6385 (above supply zone)
Target 1: 2.1761
Target 2: 1.8886 (major support zone)
Risk/Reward Ratio: ~1:3
Bias: Bearish
Confirmation: Rejection candle or bearish engulfing near current levels
This setup capitalizes on overextended price action and supply zone resistance. A clear break below 2.40 would strengthen the bearish case.
Bearish Setup:
Entry: 2.4537 (current price)
Stop Loss: 2.6385 (above supply zone)
Target 1: 2.1761
Target 2: 1.8886 (major support zone)
Risk/Reward Ratio: ~1:3
Bias: Bearish
Confirmation: Rejection candle or bearish engulfing near current levels
This setup capitalizes on overextended price action and supply zone resistance. A clear break below 2.40 would strengthen the bearish case.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.