$SUI is attempting a weak rebound after an impulsive breakdown from the 1.46 high; overall structure still favors a sell-the-rally bias as price remains below former support and upside lacks acceptance.

Trading Plan — SHORT

Entry: 1.42 – 1.44

Stop loss: 1.47 (Acceptance above the prior breakdown level and failure of the lower-high structure)

Targets: 1.38 → 1.34 → 1.30

Technical

The sharp sell-off from 1.459 marked a clear structural failure and initiated distribution. Although price bounced from the 1.388 low, the rebound is shallow, overlapping, and corrective in nature, indicating responsive buying rather than initiative demand. Price continues to trade beneath prior support turned supply, with lower highs intact and no meaningful momentum shift to suggest accumulation.

This sell-the-rally thesis remains valid as long as price fails to hold a 4H close above 1.44. A decisive 4H acceptance above 1.47 would invalidate the bearish continuation setup and require a reassessment toward neutral conditions.

Bias remains to fade strength into overhead supply with strict risk control, prioritizing structure over anticipation until buyers prove sustained follow-through.

Trade SUI on Binance👇

#SUI #Altcoins #PriceAction