📉 $SUI — Chart Still Looks Weak. Wait For Confirmation.
Breakout hype faded fast. Price bleeding down with lower highs forming consistently on the 4H. Sellers still very much in control.
📊 What The Chart Is Saying
📉 Lower highs on every bounce attempt
🔴 Volume spikes happening on red candles — sellers are active not passive
⚠️ $0.75 support zone is the line that matters most right now
If $0.75 breaks cleanly — downside continuation could come very quickly with little support structure below.
💡 Could There Be A Relief Bounce?
After a drop this sharp — yes. Oversold conditions can produce fast bounces.
But a bounce is not a reversal. The chart needs to print a real reversal structure before calling this bullish again:
Higher low forming
Volume on green candles increasing
Clean reclaim of lost levels
Until that happens chasing candles here is gambling not trading.
📌 The Right Approach Right Now
This is a wait for confirmation setup. Not a hero trade.
Patience here protects capital. Confirmation here protects profits. 👇
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#PatientTrading ZECFallsBelow$515Down16Pct