This sharp sell-off looks a lot like an emotional reversal—earlier, $SUI was swept back and forth in the high range, and many people were lured in by a fake breakout, but the real direction came later. Once the market face changed, all the key levels for chasing longs showed up.

Earlier, I also noted this area: around 1.0667, it repeatedly pushed up but failed. Once it was put in, it was immediately smashed back—indicating that above was not a breakout, but a consumption of the chasing-price capital. After entering a short, my main focus was whether the pullback could continue to play out. In the end, price was pushed all the way down to 0.7461. Current profit is +1447.4%, and the room for volatility has opened up.

The most critical thing about this trade is that it wasn’t shaken out by a mid-way dead-cat bounce. Many losses in the contract aren’t because the direction was wrong—they’re because short-term noise messed up the timing. If you have positions now, don’t just watch unrealized gains. Do 80/20 in batches, keep the remaining position with a protective level, and don’t let the profit you’ve already got retrace too much.

This isn’t the start-of-the-move area anymore. Don’t randomly chase shorts from the low. Don’t enter a trade—wait for a more comfortable level.

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