SUI bear trap or real breakdown? Key level 0.7342 will tell.



$SUI /USDT - short SHORT

Trading Plan:
Entry: 0.7320 – 0.7364
SL: 0.7551
TP1: 0.7185
TP2: 0.7080
TP3: 0.6923

Why focus on this structure?
- 4H direction SHORT, confidence 95%, 1D trend clearly bearish.
- RSI 15min at 28.86, oversold zone but no bounce, bearish momentum not exhausted.
- Current price 0.7342, hugging EMA resistance, downside targets TP1 0.7185, TP2 0.7080.
- Why now? Oversold without bounce indicates bears in control. Once support at 0.7320 is broken, probability of accelerated decline is very high.

Discussion:
Will this wave directly dump to TP2, or pull back to 0.74 to trap bulls then drop?
SUI-3.84%
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