When this decline played out, it was actually not surprising at all. $SUI repeatedly failed to break higher at the previous high, which already showed weakness on the chart.

I opened a short position near 1.0667. After entering, it wasn't smooth sailing all the way; there were several scary pullbacks during that time, which could easily shake many people out. But the key point here is that the pullbacks had no volume and didn't reclaim the level, indicating it was just a shakeout for those chasing positions. Now the price has been pushed down to 0.7116, with a profit of +1602.7%. This price movement has fully released its potential.

Trading is not about being overly confident every time. As long as you can identify resistance and dare to execute after signal confirmation, profits will naturally follow. For those with large positions now, don't let profits turn into emotional chips. Take profits in batches, move up stop-losses, and take what you should when it's time.

For my part, I will continue to hold a small portion to observe the extension. I will not chase trades, nor will I blindly add positions after a sharp drop. I will wait for the next more certain entry point.

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