This setup for SUI/USDT on the 4-hour timeframe highlights a potential rejection from a key resistance zone. Here's the trade idea:
Entry: Around $5.081, targeting the red resistance zone at $5.0252.
Stop-Loss: Above the resistance zone, allowing for potential wicks.
Take-Profit: Targeting $4.7629, which aligns with a strong support area.
This strategy assumes a pullback or rejection from the resistance zone with sellers dominating at this level. Monitor price action and volume for confirmation of the reversal. Suggestions for refinements are welcome!