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SUI bearish signal—are you brave enough to short?
$SUI /USDT - SHORT
Trading plan:
Entry: 0.7398 – 0.7430
SL: 0.7567
TP1: 0.7299
TP2: 0.7222
TP3: 0.7108
Why focus on this structure?
On the 4-hour timeframe, the EMA is in a bearish alignment. RSI on the 15-minute chart is overbought at 67.35, and pullback pressure is clear. Current entry is 0.7414, TP1 at 0.7299, TP2 at 0.7222, with SL set at 0.7567. 95% high confidence. Trend is bearish over 1 day—why now? Because the short-term rebound has been suppressed, and bearish momentum is building up, ready to move.
Discussion:
Will this wave reach TP2 first, or is it a bull trap?