SUI · 1H · UPTREND

My previous long read from September 19 hit Target 2 at 0.8679 — that move is complete, and I'm not treating price at current levels as a continuation of that setup. What I'm looking at now is a clean breakout structure: price has ripped from the 0.6680 lows all the way through 1.0000, cleared prior swing highs at 1.0800, and is currently sitting around 1.1339 — the highest point on this chart. The daily trend is firmly up, higher highs and higher lows stacked across the entire visible structure, so I have no interest in a short here. The question is whether I chase this or wait, and I'm waiting — price is extended well above where any sensible pullback entry would sit, and the liquidation clusters below at 1.10 and 1.06 are the levels I want to see tested before I reload long.

The structure that matters: the 0.9600–1.0000 zone was the major breakout level. Price blasted through it, pulled back to retest around 0.9400–0.9600 mid-September 22–23 area, then ripped again to current levels. That retest held, which is bullish. But from 1.1339 with dense liquidation clusters sitting directly overhead at 1.16 and 1.17, I'm not entering here — the overhead supply is real and the funding rate at 0.0100% per 8h shows longs piling in, which makes a squeeze toward those clusters below more likely before any sustained run higher. I'd rather let the longs get flushed into the 1.10 dense cluster or the 1.06 cluster, find a 1H close reclaiming 1.10, and enter clean off that structure.