According to SUI's 4-hour K-line chart, the current price is 4.5146, and the trend is in a volatile consolidation phase. The previous high of 4.9591 poses pressure on the price. The recent rebound is relatively strong, showing a bullish trend in the short term, but attention should be paid to whether the trading volume can continue to expand and the situation regarding the breakout of the upper resistance area.
Moving average system: MA7 (4.2030) and MA30 (4.4664) have formed a golden cross, indicating a bullish short-term trend. Running above MA100 (4.3239) suggests the overall trend remains upward. The current price is hindered by MA30, and attention should be paid to whether it can effectively break through in the short term.
K-line pattern: The upward channel from the low of 2.9722 to the high of 4.9591 still exists. The current price is in a volatile adjustment but has not broken the key support (4.3000), indicating that bullish strength has not completely weakened.
RSI: Close to 60, indicating short-term bullish dominance.
MACD: The fast and slow lines are above the zero axis, with red bars continuing to expand, indicating that bullish momentum is strengthening.
Volume analysis: Trading volume is gradually increasing, showing that market sentiment is leaning towards active, and bulls have the motivation to test upper resistance.
Today's operational suggestions
Direction: Bullish (short-term upward breakout resistance)
Opening position: 4.4000-4.4500 (lightly entering long positions near the support on a pullback)
First take profit level: 4.7000 (recent rebound target)
Second take profit level: 4.9500 (previous high resistance level)
Stop loss level: 4.2000 (stop loss if support is broken)
If the price retraces to support at 4.4000-4.4500 and then rebounds, bulls are expected to attempt a rally towards 4.7000-4.9500.
4.7000 is an important short-term resistance level, and breaking through it may further push towards the previous high of 4.9500.
Yesterday's situation: SUI price rebounded strongly from the low of 4.2000, indicating that bulls are accumulating strength.
Today's forecast: If the support at 4.4000 holds in the short term, the rebound target is 4.7000 or even 4.9500. If it cannot effectively break through 4.7000, it may retrace to support at 4.3000 again.
Risk of failed rebound: If trading volume cannot continue to expand, the price may face resistance and retreat near 4.7000.
News risk: External market or policy news may have sudden impacts on the trend.
Stop loss execution risk: Strictly implement stop loss strategy to avoid unexpected drawdown losses.
SUI is currently in a rebound phase, and the bullish trend is relatively dominant, but close attention should be paid to changes in trading volume and the performance at the 4.7000 resistance level. It is recommended to participate with a light position, strictly implement take profit and stop loss strategies, and maintain flexible operations to respond to market changes.
In a volatile consolidation, opportunities are quietly emerging! Can SUI break through the pressure? Pay attention to Mr. Qiu, grasp the market pulse, and make decisions ahead of others!
