Daily chart plan:
I've noticed a significant decrease in trading volume on the 4-hour chart compared to previous highs. I'm considering entering a daily short position after a new high squeezes out short orders. Alternatively, I'll look to enter a short position when a clear downtrend emerges. I plan to synchronize my strategy when the timing is right and will observe for 1-2 days.
We need to adjust our thinking now. SUI is likely to enter a downtrend on the daily chart unless there's a sudden influx of new capital. Exercise caution when going long on the daily chart, but you can still look for opportunities to go long on the hourly chart.