Personally, I believe that the probability of this being a peak (on the 4-hour level) is quite high. The rise of SUI is more about the concentration of chips, which are then pushed up by funds. The patterns formed at such tops pushed by funds are likely to be head and shoulders or an M-top, and here the funding rate for SUI has started to turn negative. Those who go short here are either the main players themselves or large holders. Regardless of which it is, daring to bet on a short position at this level, especially since it is relatively close to the previous high and allows for some trial-and-error space, is still worth participating in.
#sui
