Does the 4-hour RSI suggest SUI is about to accelerate downward?



$SUI /USDT - Short

Trading Plan:
Entry: 0.7402 – 0.7436
SL: 0.7587
TP1: 0.7293
TP2: 0.7210
TP3: 0.7084

Why pay attention to this structure?
- SUI is currently at 0.7419, with a clear bearish trend on the 1D timeframe, and a 4H bearish signal with 95% high confidence.
- RSI on 15M is only 56.11, not overbought, leaving room for bears; 1H ATR is 0.00698, moderate volatility, favorable for short-term trading.
- Why now? The price is trading below the EMA, waiting for confirmation at the invalidation point of 0.7429, entry range 0.7402-0.7436, TP1 at 0.7293, with good risk-reward ratio.

Discussion:
Do you think this short will directly hit TP2 at 0.7210, or will it first bounce to trap bulls before falling?
SUI-3.00%
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