$SUI
【This ID's Viewpoint】
On the 30-minute level for SUI, after initially breaking below the large purple consolidation zone, it dropped to a low of 0.9968, then staged a rebound. However, this rebound is merely a pullback repair after the breakdown; the price has not been able to reclaim the original purple consolidation range. In the latter half of the rebound, upward momentum clearly weakens, and after peaking, signs of stagnation appear. The major bearish trend has not been completely reversed.
Entry: Consider shorting opportunistically when the rebound's upward momentum weakens and meets resistance.
Stop Loss: Place above the high point of this rebound.
Chan Theory Structure:
On the 30-minute chart, the price breaks downward out of the original purple consolidation zone, hitting a low of 0.9968 to complete the downward departure phase, followed by a secondary rebound wave. This recovery only tests the lower edge of the old consolidation zone and never truly stabilizes back inside it, representing a standard breakdown and pullback structure. Although the moving averages are short-term upward, a top fractal signal has appeared at the secondary level, and the internal strength of the rebound segment is gradually weakening. As long as the price cannot reclaim the old consolidation zone, the downtrend structure remains valid.
Wyckoff Volume-Price Observation:
There was a clear volume surge during the breakdown, indicating capital flight; during this rebound rally, volume was initially supportive but gradually contracted on bullish candles as the rally progressed. In the later peak phase, the price attempts to rise, but buying capital cannot keep up. This is a rebound driven by capital fighting after overselling, with no sustained large-scale inflow of funds for buying.
Core Observation:
Closely watch the lower edge of the original purple consolidation zone as a resistance level. If the price continues to fail to break above it, the market will face renewed downward pressure.
