This round is a typical pattern of sweeping first and then dumping. After $SUI was pulled around at the highs for a while, many people were tricked into getting in on the rebound and then the price got pushed down from 1.0030 all the way to 0.7326. Short positions saw a profit of +1298.77%, and the rhythm was very clear.

Back then, what I was watching was whether it could hold steady after being put on. What truly caught my attention was that after the upper wick appeared, there was no fresh follow-through; instead, key levels were broken one layer at a time. In plain terms, the rhythm changed. Once the areas being held up broke, the shorts started taking the initiative.

The biggest fear in this kind of market isn’t being wrong on direction, but getting it right and still being shaken out halfway. Several rebounds in the middle looked like they were about to repair, but none of them managed an effective reclaim. That indicates the selloff is still extending, and the downtrend extension is obvious.

Now the profit is already fairly substantial. Take 80/20 to handle part of it first, and keep the remaining position with protective levels. If it can move, we stay with it; if it can’t, we close.

If you didn’t participate, don’t get carried away. Don’t chase and don’t chase lows—just wait patiently for the next opportunity.

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