$SUI

From the analysis of the SUI/USDT daily chart, the following key points and short-term strategies can be derived:

Current Market

• Current Price: $4.4958, 24-hour decline of 2.67%.

• 24-hour Highest Price: $4.7559

• 24-hour Lowest Price: $4.2305

• Trading Volume: Fluctuations have increased, indicating a stronger short-term market sentiment.

Key Support and Resistance

• Support Levels:

1. $4.23 (recent low)

2. $3.86 (previous consolidation bottom)

• Resistance Levels:

1. $4.75 (intraday high)

2. $4.96 (recent strong resistance)

Technical Indicators

1. Moving Average System:

• MA(7) and MA(25) moving averages are tending to converge, indicating a volatile short-term trend.

• MA(99) moving average continues to rise, with a long-term trend still biased upwards.

2. MACD: Bearish momentum bars slightly widened, indicating a weak short-term trend.

3. KDJ: Short-term indicator is declining, suggesting potential further retracement space.

Short-term Trading Strategies

Long Position Strategy

• Entry Point: Build positions in batches near $4.23

• Take Profit Points: $4.75, $4.96

• Stop Loss Point: $4.10

Short Position Strategy

• Entry Point: Pursue shorts after breaking below $4.23

• Take Profit Points: $3.86, $3.50

• Stop Loss Point: $4.40

Risk Warning

The current market is fluctuating at a high level, with potential retracement pressure in the short term, but the long-term trend still has some support. It is advised to operate with light positions, focusing on the key support at $4.23; if it breaks below, further retracement may occur; if it stabilizes above $4.75, it is expected to continue to approach $4.96.