Technical analysis by Wavetrendtrading about Symbol SUI: Sell recommendation (4/11/2025)

SUI/USD Swing Short Setup – Bearish Rejection at 800 EMA 📍 Entry Type: Swing Trade (H12 Chart) 🔻 Position: Short 🎯 Take Profit: 1.04 (Key intersection support zone) 🛑 Stop Loss: 2.45 (Above 800 EMA for structure protection) ⚖️ R:R Ratio: ~3.5:1 📈 Technical Breakdown: Price has retraced into the 800 EMA from below, forming a clean lower high. 55 SMA is sloping downward, confirming a bearish structure and trend direction. Bear Power (100) remains negative, signaling sustained bearish momentum. Williams %R (50 & 100) is rejecting from overbought territory, aligning with downside pressure. The Parabolic SAR has flipped bearish after the retracement, providing additional confirmation. Confluence from multi-timeframe resistance and institutional EMA rejection supports the short bias.