SUI · 1H · DOWNTREND

The structure here is clean and brutal — SUI dropped from ~1.16 down to the 0.68 area, then staged a partial recovery to ~0.84 before rolling over again. Now price is sitting at ~0.7092, grinding right back toward the June lows near 0.68-0.70. Every rally attempt on this chart has been a lower high, and the most recent bounce off the 0.84 zone got sold hard. My read is the path of least resistance is still lower, and price is compressing toward that prior spike low around 0.68-0.70 which is the last real structural floor visible on this chart.

I'm not chasing this short from current levels — price is already within striking distance of that 0.68-0.70 support zone and mid-range short gives me terrible R/R here. I'm waiting for price to bounce into the 0.74-0.76 zone, which capped multiple consolidation attempts throughout early June, before I commit short. If price reclaims and stalls there with a rejection candle, that's my entry. The macro headlines provide no relevant catalyst for SUI specifically, so this is a pure technical play.

Setup: SHORT (conditional — on bounce to resistance)

- Entry: 0.7500

- Stop Loss: 0.7700

- Take Profit 1: 0.7000

- Take Profit 2: 0.6800

- Risk/Reward: 2.5:1

- Confidence: MEDIUM