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Everyone is looking at the big caps, but they’re missing what’s happening right here on the $SUI chart.
We just had a nice little bounce off that 0.82 level a few days ago, but the momentum is starting to feel heavy again. Look at those last two red candles. We tried to push back above 0.95 and got rejected pretty fast.
Right now 0.90 is acting like a psychological floor. If we break below this on the daily close, we’re likely heading back down to test that 0.86 support zone. The volume is drying up too, which usually means a big move is cooking.
I’m watching the order book closely. If the buy wall at 0.90 disappears, it’s going to get ugly fast. But if we can consolidate here and flip 0.93 into support, we might actually see a run back toward 1.00.
Not doing anything crazy yet. Just sitting on my hands and watching the price action. Sometimes the best trade is no trade.
#GateSquareAprilPostingChallenge