$SUI ran from 0.72 to 0.81 in a straight line, then failed at 0.80. It sits at 0.79 now. I am short into 0.802-0.812. Invalid above 0.8265. What holds my attention is not the rejection itself. It is what the tape did to buyers on the way up. The bounce started at 0.72 and stalled at 0.81. 0.80 was the level it could not clear. Price is under it, not above it. Three things landed in the same pocket: - Price printed a higher high while the force behind the move got weaker. - Resting buy orders above the range were taken out, then the move reversed straight after. - 0.80 is the round number everyone anchors to, and it sits in that same band. One of those is noise. Three in one 0.80-0.81 zone is a level worth working a limit order into. Entry: 0.802-0.812, on a pullback only. That is where the sellers who just got run over are sitting. Target: 0.766. Stop: 0.8265. Not a percentage. It is the price that says the 0.80 rejection was never real. If SUI trades through 0.8265, I was wrong about the rejection and I stand down. Risks: US CPI on Sept 11 and the rate decision on Sept 16 can move everything at once. And if price never returns to the entry band, there is no trade. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.
Trader SteveShare

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