SUI bearish signals are emerging—will a 4-hour EMA death cross be imminent?



$SUI /USDT - SHORT to sell

Trading plan:
Entry: 0.7384 – 0.7412
SL: 0.7576
TP1: 0.7264
TP2: 0.7175
TP3: 0.7042

Why watch this setup?
- RSI on 15 minutes is at 78.94, short-term overbought, strong need for a pullback.
- From a 1D trend perspective, bearish; the 4-hour EMA is diverging downward, with bearish momentum building.
- The current SYMBOL is around 0.7398, near the resistance zone, suitable for a SHORT entry; TP1 looks at 0.7264.
- Why now? After being overbought, the probability of a decline is higher, and the risk-reward is clear.

Discussion:
Will this SHORT reach TP2 at 0.7175 first, or will it be a bull trap pullback upward?
SUI2.59%
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