SUI – Ready to Drop from the $3.96 Supply WallSUI has rallied right into a key confluence area — the strong supply zone & bearish order block at $3.90–$4.00, which also aligns perfectly with the descending channel’s upper boundary.
📌 Bearish Scenario (preferred):
If price shows rejection at this zone and breaks below $3.85, a corrective move toward $3.55–$3.60 is highly probable, with potential extension toward $3.35 demand zone.
📌 Invalidation:
A 4H candle close above $4.05 would invalidate the short setup and open the door for a continuation toward $4.25+.
💡 Note: Confluence of channel resistance + supply OB + psychological $4 level makes this a high-probability short area. Watch for lower-timeframe BOS or liquidity sweep before entering.
