This drop looks a lot like a sentiment-driven reversal: earlier, $SUI was swept back and forth at high levels, luring many people in with a fake breakout, but the real direction came later. Once the chart turned, all the key levels that chase longs needed to watch became clear.

I had already noted this area earlier. Around 1.0667, it repeatedly surged and failed—once you entered, it was immediately smashed back down, indicating that above wasn’t a real breakout, but a consumption of chase-buying funds. After opening a short, my main focus was whether the pullback could continue to play out. Instead, the price was pushed lower all the way to 0.7477. Current profit is +1440.17%, with room for volatility opening up.

The most critical thing about this trade is that it wasn’t shaken out by a mid-course dead-cat bounce. Many losses in contracts aren’t because the direction was wrong—they’re because short-term noise messes up the rhythm. If you have positions now, don’t just stare at floating profit. Handle it in batches with an 80/20 split; keep the remaining position with a protection level, and don’t let the take-home profit retrace too much.

This is no longer the spot where trading just started—don’t randomly chase shorts at low levels. Don’t enter blindly; wait for a more comfortable setup.

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