SUI/USDT 1H: Distribution in Play – Short Setup recent lows?

SUI/USDT 1H: Distribution in Play – Short Setup Targeting Recent Lows?
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Current Market Structure:

• Bearish trend continues, with a recent bounce off $2.90 support.
  
• Price now at $3.17, showing signs of consolidation.
  

Market Maker Activity:

• Clear distribution pattern visible in the $3.25-3.35 zone, suggesting institutional unloading.
  

Technical Indicators:

• Hidden bearish divergence on RSI.
  
• Multiple lower highs forming on the 1H timeframe.
  
• Strong resistance cluster at $3.25-3.35 supports the bearish outlook.
  

Trade Setup (Confidence 8/10):

• Short Entry: Look to enter at $3.22-3.25 (resistance zone).
  
• Targets:
  
• T1: $3.05
  
• T2: $2.90
  
• Stop Loss: Place at $3.35 (above recent resistance).
  

Risk Score:

• 7/10 – Favorable risk-to-reward, provided price is rejected at the resistance zone.
  

Recommendation:

• Wait for confirmation of rejection at $3.22-3.25 before entering a short position.
  
• The strong distribution pattern and technical signals suggest continued downside toward recent lows.
  

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