I only meant to take a quick look at the chart, but the shorts went ahead and wrote the answer for me first. A few nights ago, the market repeatedly spiked upward; $SUI looked very lively, but in reality every time it went up it lacked follow-through, and the volume didn’t truly catch up. I watched SUI grind at a high level without moving, and judged that this was more like rebound consumption rather than a real breakout. So around 1.0341, I entered a long (open a position), waiting for the pullback after it failed to break higher.

Now the price is at 0.7176. This short position is showing an unrealized profit of +1473.47%. This bite of profit gets cashed out—waiting wasn’t in vain.

First close 80%, taking the bulk off the table; keep the remaining 20% and move the protection level to around the cost basis. If it keeps dropping further, let the profits run. Even if it rebounds, don’t give back what you already took.

Being in no position isn’t a crime; opening positions recklessly is the mistake. If you haven’t entered yet, don’t chase the drop. Missing this leg doesn’t mean there won’t be a chance—wait for the next wave of signals before you act.

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