$SUI just ripped straight into the primary supply zone. A relief rally of this magnitude is textbook behavior following such a prolonged downside extension.
Having perfectly captured the macro move from $0.97 to $1.40, I am under zero pressure to chase this current price action. A single isolated spike does not constitute a structural trend reversal.
The thesis becomes active again only upon a clean reclaim and consolidation above $1.16. Until that level flips from resistance to firm support, risk management dictates patience. I'm content to sit on the sidelines and let the market prove itself.
Having perfectly captured the macro move from $0.97 to $1.40, I am under zero pressure to chase this current price action. A single isolated spike does not constitute a structural trend reversal.
The thesis becomes active again only upon a clean reclaim and consolidation above $1.16. Until that level flips from resistance to firm support, risk management dictates patience. I'm content to sit on the sidelines and let the market prove itself.
