That wave just now, in fact, looked more like a spot where the shorts were getting onboard. $SUI first pushed higher to create a strong showing, then quickly fell back. A lot of people who chased in hadn’t even reacted yet when the chart had already turned.

My short was opened around 1.0667. Now the price is at 0.7452, and my current profit is +1451.46%. The most crucial part of this move isn’t the drop itself—it’s the fake strength right at the high. It couldn’t pull up fresh follow-through/acceptance, and then it slammed down in the blink of an eye in a reverse move, which shows that the key overhead levels where positioning sits are not “light”/not insignificant.

What truly made me pay attention was that after getting pinned in, it didn’t keep going stronger. Instead, it printed a continuous run of bearish candles, wiping out the earlier rally. Most people get led by that spike and think it’s going to keep breaking through. The biggest pitfall in trading is exactly this kind of counter-expectation: once the high-level confirmation fails, the room for the shorts gets opened.

This trade is already in the profit zone. The profit release is clearly visible. For brothers with heavy exposure, don’t stubbornly hold all the way to the end. You can take profit in batches using an 80/20 split. Keep the remaining position along with a protective level, and see whether the move continues to extend. If you didn’t get in, don’t chase lower—wait for the next time a clearer setup appears. Opportunities will come again.

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