Let's review the trading strategy for SUI this morning.
First, look at the 30-minute structure to confirm the end of an upward movement. Then, observe the 5-minute structure; it's clearly diverging, so at this moment, shorting is more likely to succeed than going long. (Divergence does not mean a decline, but at least indicates that the upward momentum is weak, unless there is a significant stimulus that causes prices to surge and eliminates the divergence.)
When the price dropped from 2.97, deciding when to take profits depends on the movement in the lower time frame (1-minute structure). The current price has returned to the upward central point, and a prudent trader can take profits on shorts here.
Of course, from the 1-minute structure, there is no divergence point, and the price may continue to drop.
In the upcoming structure, it feels highly likely that there will be a downward central point, followed by a break below 2.73, continuing lower.
Of course, this is not a market prediction, just an assessment based on structural movements indicating a high probability of this outcome. Shorts can take some profits here and leave some on to see the next movements. I never thought about selling at the highest or buying at the lowest. As long as there's a profit, it's good.
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