A friend asked me, SUI has 2B, a large number of engulfing structures, can I short it?

My opinion is that this is not a good phenomenon, but it is not time to short it yet. It can only prove that there is a lot of selling pressure near the previous high, but from a structural perspective, SUI is still in a high range of fluctuations.

Stagnation in the rise ≠ can be shorted, it may also be a repair relay.

At present, SUI is in the middle of this oscillation structure, far away from the upper and lower key prices, which will be embarrassing for shorting.

If it were me, I would choose to short on the right side when the price falls below the low point of the oscillation structure near 1.43, and stop loss if it falls below the box. $SUI