SUI · 1H · DOWNTREND

The short from my last read triggered on a close below 1.0400 and ran all the way through both targets — 1.0000 and 0.9801 both reached. That move is done. What I'm looking at now is price at 0.9836, sitting just below the 1.0000 psychological level after a clean flush from 1.0800. The daily trend is still up, so this is a counter-trend move that has now delivered its full measured objective, and I'm not chasing it lower. The 1H structure is a sequence of lower highs and lower lows from 1.2947, but the daily uptrend hasn't broken — the question is whether this is the capitulation low or whether 1.0000 now acts as a hard ceiling on any bounce. Earnings in 11 days (October 26) is a real constraint: any setup I take here needs to be resolved well before that print, because I'm not holding a position into a gap risk event with this much structural uncertainty.

The news block references Sun Communities (NYSE: SUI), a REIT — not the crypto asset on this chart. I'm ignoring it entirely; it has no relevance to SUIUSDT.

Funding at -0.0103% per 8h means shorts are paying longs — that's a meaningful short-side lean, and it supports the case that a squeeze is possible. The dense liquidation clusters above at 0.9928 and 1.07 are the magnets: if price bounces, those stops fuel the move. Below, the 0.9488 cluster has already been swept (the low on this chart is 0.9628 per the record), and the 0.9264 cluster is the next real draw if this flush isn't done. I'm not taking a short here — the daily trend, the funding squeeze signal, and the proximity to the spent targets all say the short fuel is used up. The only trade I'm interested in is a long, but I need a close back above 1.0000 to confirm the level is reclaimed, not just poked.