# **$SUI/USDT – Bearish Breakdown Opportunity** 🔻
#### **📍 Current Price:** $3.1500
#### **📊 Market Structure:**
- **Downtrend Confirmed:** Lower highs/lows on 15m chart.
- **Critical Support Test:** Price hovering at **$3.1480** (intraday low).
- **Momentum:** Strong bearish volume; RSI (14) near **41.64** (neutral but favoring downside) .
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### **🎯 Trade Plan**
- **Entry Zone:** **$3.1480 – $3.1650** *(Ideal: Retest of broken support as resistance)*
- **Targets:**
- **TP1:** **$3.0900** *(Near 1D SMA100 @ $2.93 confluence)* .
- **TP2:** **$3.0200** *(Next swing low, 4.1% drop from entry)*.
- **Stop Loss:** **$3.1880** *(Above recent swing high + 0.5% buffer)*.
#### **⚡ Key Levels:**
- **Resistance:** **$3.2923** *(Yesterday’s high)*.
- **Support:** **$3.1480** → Break = Accelerated sell-off.
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### **📌 Confirmation & Execution**
1. **Trigger:** 15m candle **close below $3.1480** to confirm breakdown.
2. **Ideal Scenario:** Failed bounce into **$3.1650** resistance with wick rejection.
3. **Risk Management:**
- **1:3 R/R** (Risk $0.04 for $0.12 reward).
- Avoid over-leverage; volatility is **6.96%** (30d avg) .
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### **💡 Pro Tips:**
- **Momentum Alignment:** Fear & Greed Index at **62 (Greed)** suggests potential overextension .
- **Volume Watch:** Spike in sell volume = Stronger breakdown signal.
- **Alternative Strategy:** If **$3.1480 holds**, watch for reversal patterns (e.g., bullish engulfing).
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**Tags:** #SUI #ShortTrade #BearishBreakout
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### **Need Adjustments?**
- For a **more aggressive entry**, tighten SL to **$3.1750**.