SUI trend decay and range consolidation analysis

Continuation: We divide the current $SUI market behavior into two parts. The first part is the market correction following the breakout above 3 mentioned in the previous post. We stated that since it did not retest the resistance level of breakout 3, it was a strong breakout. Therefore, we can see it forming a sideways correction here, followed by another breakout in the form of a large bullish candle. Subsequently, a buying climax occurred; a high-volume large bullish candle appearing at the end of an uptrend is generally regarded as the end of the trend. The second part is a downtrend. The market found minor support at the LTF breakout 4 resistance level, but we now observe that it has fallen over the weekend. This means the market has shifted from accepting post-breakout prices to rejecting them. From acceptance to rejection, this is a sign of trend decay and a characteristic of entering range consolidation. We still cannot consider that a trend reversal has occurred. When a trend becomes unsustainable, it is highly probable that it will first enter range consolidation. Only by observing whether subsequent price action leads to a counter-trend push can we confirm a market trend reversal; currently, there is insufficient evidence at 0.9000. (Unless a red downward push occurs as expected)