Is this SUI bounce just a dead cat bounce?



$SUI /USDT - SHORT sell

Trading plan:
Entry: 0.7436 – 0.7468
SL: 0.7608
TP1: 0.7335
TP2: 0.7257
TP3: 0.7141

Why focus on this structure?
- The 1D trend is clearly bearish, with a 4H SHORT signal and 95% confidence.
- Current price is 0.7452, right at the EMA resistance zone; the rebound has no strength.
- RSI on the 15M is only 52.58, indicating insufficient momentum, and ATR 1h at 0.0065 shows volatility is narrowing.
- Why now? Because the rebound hasn’t broken 0.7473, the invalidation level; the shorts could move at any time.

Discussion:
Will this drop first to TP1 0.7335, or will it break down to bait a long rally before getting hammered again?
SUI-1.22%
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