SUI · 1H · SIDEWAYS

My last short read hit Target 2 at 0.6997 — that move is complete and I'm not treating it as a continuing trend. Price has since recovered from near 0.7200 back up to 0.7547, printed a local high around 0.8000 on August 31, then sold off sharply back to current levels. What I'm looking at now is a chop zone between roughly 0.7200 and 0.8000, with price sitting mid-range after a failed push higher — no clean directional edge from here. I'm not touching this in either direction at 0.7547 because the entry is stranded between two structural levels and the R/R from mid-range is poor in both directions.

The derivatives picture adds nuance: funding is a mild +0.0100% per 8h, longs paying shorts — nothing extreme, but it does mean the long side is slightly crowded. The liquidation cluster at 0.7326 below is dense and close; the cluster at 0.8025 above is the first real magnet to the upside. That cluster at 0.8025 aligns with the prior resistance zone where price distributed and failed in late August/early September — I'm treating it as the ceiling of the range until proven otherwise.

I'm not touching this here — no clean entry at mid-range. But if you want the map, here's what each resolution looks like:

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