@morecryptoonline

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SUIUSDT
Short Entry 1.6506 2025-12-12 07:00 UTC
Target 0.9151 Fail 2.2138
Risk/Reward 1 : 1
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SUIUSDT
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The SUIUSD daily chart indicates a broader A-B-C corrective structure, with the C-wave ideally necessitating an additional downward movement. The 100% extension of this C-wave, positioned at approximately $1.4126, was reached, which could technically signify a local low. However, the internal microstructure of the price action suggests that further downside remains probable. The preferred long-term interpretation points to a continued decline towards the 123.60%, 138%, and 161.80% Fibonacci extensions of the A-wave, which correspond to price levels around $1.0787, $0.9151, and $0.6972, respectively. This movement would complete a five-wave sequence for the C-wave. Conversely, an upside reversal would be signaled by a sustained break above the resistance zone between $2.2138 and $2.2045, representing the 50% retracement level of the prior significant downward impulse. Until this resistance is definitively overcome, the prevailing bearish outlook for 'one more low' persists. On a shorter, hourly timeframe, the price exhibits a pattern of sideways consolidation, with difficulty breaching the initial resistance between $1.72 and $1.75, reinforcing the current downward pressure.
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