The dead cat bounce failed. The downtrend is intact.

$SUI /USDT — Rejection at Breakdown Point 🔻

Price tried to reclaim the $1.12 level but got rejected. It's now trading below the EMA(7) with all heavier moving averages stacked bearish above. This isn't support; it's a pause before the next leg down.

🔴 SHORT SETUP

📌 Entry Zone:

1.1250 – 1.1350

🎯 Targets:

🥇 TP1: 1.1000

🥈 TP2: 1.0800

🥉 TP3: 1.0600

🛑 Stop-Loss:

1.1450 (Above the EMA(7) and local high)

Why This Could Work (trader logic only)

✅ Failed Retest: Price attempted to retake the broken support and failed. Confirms bearish structure.

✅ Overhead Supply: The EMA(25) and EMA(99) are miles above, creating a ceiling for any rally.

✅ Macro Carnage: The 1Y chart is down -71%. There's no bullish narrative to support a reversal.

⚠️ Important Rule:

Wait for price to show weakness and break the immediate support around 1.1180. A decisive move above 1.1450 could trigger a squeeze towards 1.16. This is a trend continuation play. Enter on confirmation, not prediction.