SUI bearish signal 95%, is this rebound a trap?



$SUI /USDT - SHORT

Trade Plan:
Entry: 0.7395 – 0.7435
SL: 0.7609
TP1: 0.7269
TP2: 0.7172
TP3: 0.7026

Why focus on this structure?
- 4H level bearish dominance, 1D trend clearly bearish, rebound only reached 0.7415 and encountered resistance.
- RSI 15m at 54.48, not yet overbought, short-term rebound space limited, it's the time to add short positions.
- Current price 0.7415, near EMA resistance zone, TP1 below at 0.7269 only 2% away, risk-reward ratio is favorable.

Discussion:
Will this wave first reach TP2 0.7172, or pump to 0.7430 and then dump?
SUI-0.42%
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