SUI — Short Bias, Long Only on a Deep Sweep

SUI is drifting like a leaky balloon, trading ~3.25 after failing to reclaim the 3.4–3.45 ceiling. The 12H trend leans bearish, and the market seems happy to keep pressing unless the 3.0–3.1 floor stages a rebellion.

Structure (12H)
• Failed reclaim at 3.4–3.45 supply.
• Support sits at 3.0–3.1 demand zone.

Orderflow + Derivatives
• OI strong → traders engaged.
• CVD very negative → spot sellers pressing.
• Funding neutral → no tilt from perps.

Scalp Scenarios
• Short Idea (Grade A): Reject 3.4–3.45 → fade down to 3.2 → 3.1.
• Long Idea (Grade B–): Sweep 3.0–3.05 lows, reclaim 3.1 → push to 3.35–3.4.

Conclusion
As it stands, SUI looks like a “sell the rips” market. Bulls only get their turn if a deep liquidity sweep flips the 3.0 handle back into support.

🐺 Trade safe, stay sharp, and remember: the market hunts sheep, not wolves.