SUI/USDT 1H: Bears Dominate, Discount Zone in Sight!

SUI/USDT 1H Chart Analysis
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Current Market Structure:

• Bearish trend established with price breaking down to $3.30.
  
• Hidden Bearish Divergence: RSI making higher highs while price makes lower highs, confirming bearish continuation.
  

Smart Money Activity:

• Distribution phase visible at $3.75 resistance.
  
• Market Makers accumulating liquidity near $3.20-$3.25 discount zone for further downside or potential future reversal.
  

Key Levels:

• Entry Zone: $3.35-$3.40 (on relief bounce).
  
• Targets:
  
• T1: $3.20 (discount zone).
  
• T2: $3.00 (psychological support).
  
• Stop Loss: Above $3.55 (recent swing high).
  

Risk Score:

• 7/10 (favorable R:R but high volatility).
  

Market Maker Intent:

• Accumulation in progress below $3.25, targeting deeper liquidity near $3.00.
  
• Volume profile supports further downside unless key resistance at $3.75 is reclaimed.
  

Recommendation:

• Short positions are favorable within the $3.35-$3.40 range.
  
• Maintain tight stops above $3.55 to manage risk.
  
• Monitor price action near $3.20 for potential support confirmation.
  

Confidence Level:

• 8/10 for bearish continuation.
  

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