SUI · 1H · UPTREND

My previous long read from September 4 was stopped out — price closed below 0.7100 at some point after that read, so I'm starting clean from that failure. What I'm looking at now is a strong recovery off the lows near 0.6680, with price running from roughly 0.6680 all the way up to current levels around 0.8176 — a clean sequence of higher lows and higher highs printed across the right side of this chart. The move has been impulsive and the structure is clearly bullish on this timeframe, even as the daily context sits sideways. The problem I have right now is that price is extended off that base and sitting just below a dense liquidation cluster at 0.8225 — I'm not chasing this into a wall of stops.

The live news context references a SUI price around 0.7444 as "latest," which is stale — price has moved roughly 10% above that since. That divergence actually tells me this move is real and recent, not priced in by the crowd yet.

Funding at 0.0482% per 8h is elevated — longs are paying shorts at a rate that compresses my confidence in a fresh long entry at the highs. The dense liquidation cluster at 0.8225 is sitting right above current price, and below I see stacked clusters at 0.7978, 0.7597, and 0.7359. That cluster at 0.7978 is where I want to see a pullback hold — it lines up with the breakout zone where price accelerated through 0.80 and would represent a healthy higher-low retest inside the current up-leg.

The move from 0.6680 to 0.8176 needs to prove it has buyers underneath before I commit to a long. I'm waiting for price to pull back into the 0.7978–0.8000 zone and hold, then print a 1H close back above 0.8050 as confirmation that the breakout level is now support.