⚠️ #SUIUSDT : Bearish Breakdown Imminent - Short Setup

📉 Bearish Evidence

1. Price Structure:

- Trading BELOW Middle Bollinger Band (3.26910) → Downtrend confirmed.

- Rejected at 24h High (3.36296) → Strong resistance.

- Approaching 24h Low (3.22500) → Breakdown likely.

2. Indicator Cluster:

- MACD Bearish: DIF (-0.05881) < DEA (-0.07182) → Momentum fading.

- RSI(6) at 39.2: Not yet oversold → Room to fall.

- Stochastic RSI (71.58) crossed BELOW its MA (78.63): Bearish reversal signal.

- Williams %R (-50.55): Neutral but trending downward.

3. Market Sentiment:

- 73.45% Long Accounts → Crowded trade, risk of long squeeze.

- Negative Funding Rate (-0.04%) → Bears paid to hold shorts.

- Open Interest (3.36M) rising during dip → New shorts entering.

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### 🎯 Trade Setup: Short Entry

- Entry Zone: 3.235 - 3.240 (Current price + weak bounce).

- Stop Loss: 3.265 (Above Middle Bollinger Band).

- Take Profit Targets:

- TP1: 3.22500 (24h Low) → 40% profit.

- TP2: 3.15000 (Psychological Support) → 40% profit.

- TP3: 3.09572 (Lower Bollinger Band) → 20% profit.

- Leverage: ≤5x (High volatility).

### 🚨 Key Triggers

- Breakdown below 3.22500 → Accelerates selling.

- Volume spike on downward moves → Confirms bear strength.

- Long liquidations → Fuels downward momentum.

### ⚠️ Exit If

- Daily close ABOVE 3.26910 (Middle Bollinger) → Invalidates structure.

- MACD bullish crossover (DIF > DEA) → Momentum shift.

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Confidence: 80/100 – Strong bearish alignment but monitor BTC correlation. SUI often mirrors market moves.

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