$SUI SUI coin is currently near the support level on the daily chart. Yesterday and today, the 1-hour timeframe has already formed two consecutive long lower shadows, absorbing liquidity below. However, the overall trend is still bearish, and short-term outlook is bullish.

For a long position, you can buy on a 1-hour pullback that does not break the previous low, with take profit set near the 1-hour resistance level (0.8742). This is a contrarian trade, so be mindful of the risks.

For a short position, you can enter near the resistance level without breaking it, following the trend, which might have a higher probability of success since the price is still continuously breaking lows. Take profit near the recent lows. Currently, the market is more likely to be in consolidation. Don’t expect too much from shorting, especially since it’s approaching the daily support level.