SUI · 1H · DOWNTREND

The daily trend is down, the 1H structure confirms it — lower highs and lower lows from the 1.2600 area all the way to where price sits now at 0.8976. The long from my October 15 read triggered on the 1H close above 1.0000, ran to 1.0615, then reversed hard and eventually stopped out — that failure matters. Price never reached 1.0700, the daily downtrend reasserted, and the chart has been grinding lower ever since, now pressing into the 0.86–0.90 zone where three dense liquidation clusters sit below (0.8261, 0.8071, 0.7946). I'm not chasing a short here — I'm too close to those clusters to have a clean target with room to breathe, and a long against the daily downtrend needs a higher bar that price hasn't earned yet.

Right now price is compressing in a tight range just below 0.9000 after bouncing off the lows around 0.8600 visible on the right side of the chart. The bounce looks corrective — lower highs on the rally, no structural break. A short is the directional lean, but the entry has to come from above, not from mid-range between the clusters. I'm waiting for price to rally back into the 0.9200–0.9400 resistance zone where prior bounces failed, then reject.