$SUI giving back yesterday's gains and that's a bit concerning from a structure standpoint. After that sharp V-bounce to 0.7449, price has faded back to 0.70 and is now testing below both the MA7 (0.7168) and MA25 (0.7120), which is exactly the zone that needed to hold for the recovery thesis to stay intact. The 4h chart tells the broader story clearly SUI has been in a sustained downtrend from the 0.8287 high, making lower highs and struggling to reclaim any meaningful resistance level for more than a candle or two.

The 0.6889 lower Bollinger band and the 0.6730 intraday low are now the key levels bears are eyeing. Lose 0.68-0.69 with conviction and the 0.6618 swing low comes back into play fast. On the flip side, bulls need to reclaim 0.7120-0.7168 and hold it on a closing basis to show the selling pressure is actually absorbed. The MA99 up at 0.7491 is a long way away and represents heavy overhead supply. Volume has been declining through this entire range, which isn't giving either side much conviction. Neutral to cautious here until structure improves.