$SUI Dead Cat Bounce or Real Reversal? Bears Still in Play...
$SUI shows a decent recovery from $2.55, but the rejection near $2.80 suggest this could be just a classic dead cat bounce. With lower highs still intact and volume not convincingly rising, bears may seize control again.
📉 Short Trade Setup
• Entry Zone: $2.70 – $2.73
• TP1: $2.63
• TP2: $2.55
• TP3: $2.45
• Stop Loss: Above $2.81
If bulls fail to break above the $2.80 resistance soon, sellers might trigger a downward continuation. Watch for a fade below $2.68 to confirm momentum shift.