$SUI swept early breakout liquidity with an aggressive wick into $0.9205 before pulling back into the current $0.8927 level. Late buyers longing green candles straight into the $0.9150 - $0.9350 August supply ceiling just provided exit liquidity for swing longs accumulated at $0.68.
This is textbook order book distribution. Chasing market orders after a thirty percent vertical impulse into major resistance is retail trap behavior. I am stepping aside while this 4H rejection candle settles.
The real setup is waiting for bids to fill in the $0.8200 - $0.8400 demand band where the previous 4H breakout consolidated. If we get that rotation, I am looking for a push back through $0.9350 toward $1.05. A 4H close below $0.7950 completely invalidates the market structure, and I cut the trade on the spot.
This is textbook order book distribution. Chasing market orders after a thirty percent vertical impulse into major resistance is retail trap behavior. I am stepping aside while this 4H rejection candle settles.
The real setup is waiting for bids to fill in the $0.8200 - $0.8400 demand band where the previous 4H breakout consolidated. If we get that rotation, I am looking for a push back through $0.9350 toward $1.05. A 4H close below $0.7950 completely invalidates the market structure, and I cut the trade on the spot.
