The main force has closed long positions, and there are opportunities to short SUI for profit.

Tonight's non-farm data is favorable for accelerating interest rate cuts, leading to an overall market rise.

SUI is currently in an overbought state on a smaller time frame, and compared to the overall market's excessive rise, there are shorting opportunities.

On-chain data shows that smart money and large holders, who have made profits from trading SUI multiple times before, are selling off, which is an important reference point indicating that SUI has likely peaked in the short term.

Additionally, on the 15-minute chart of SUI, trading volume is decreasing, clearly indicating a stagnation in price growth. The trading volume is forming a 'volume double top' pattern, and it is highly likely that a correction will begin soon.

At the time of writing this, I have already shorted, with an entry price of $2.083, and I am currently in profit. Due to the rapid market fluctuations, the current price of SUI is already $2.05. If you believe that shorting at the current price has a lower cost-performance ratio, you can wait until it approaches $2.07 to enter the market.

Of course, entering the market with a small position at the current price is also an option. Note that this trade is for the short term, and it is essential to exit in a timely manner once a profit is made.