The analysis examines the SUIUSD chart using Elliott Wave structures, noting a damaged structure after October 10. A 5-wave move up from the April low, followed by a 3-wave move down is mentioned. The analyst discusses the need for a break above $3.50 to confirm a local low, stating that without this, downward pressure persists. The analyst does not trust a bullish scenario because the market dipped too deep in wave two. Another chart on Binance crashed to $0.55, invalidating the setup on that chart. $2.68 is a key resistance to watch and to see if the asset is setting up a 1-2. It is mentioned that the price came down to $1.83. The invalidation point to validate the setup is $1.72.