SUI · 1H · DOWNTREND

The dominant structure here is unambiguous — SUI has been printing lower highs and lower lows from ~1.20 all the way down to the 0.68 area, a brutal multi-week sell-off. The only notable interruption was a sharp bounce off the 0.68–0.70 zone around June 5–7 that pushed price into the 0.75–0.78 consolidation band. Now price is pushing up to ~0.8097, which is testing the most recent swing high resistance zone around 0.80–0.82. This is a dead-cat bounce into overhead supply inside a confirmed downtrend — I'm not buying this, I'm looking to short it.

The news context provided is irrelevant to SUI — no crypto-specific headlines in the feed — so I'm working purely off structure here.

Setup: SHORT (conditional — wait for rejection at resistance)

- Entry: 0.8180 (limit at the resistance zone, conditional on a rejection candle forming)

- Stop Loss: 0.8380

- Take Profit 1: 0.7600

- Take Profit 2: 0.7000

- Risk/Reward: 2.9:1

- Confidence: MEDIUM