Momentum adjustment is evident, key positions hide opportunities

SUI price is hovering, a moment of choice on where to go

Go with the trend, find the best entry direction

Market Analysis

The market has recently shown a high-level correction trend, the current price has stabilized in the support zone, but the upward momentum is weak. In the short term, the tug-of-war between long and short positions may intensify, and market sentiment is becoming cautious. Attention should be paid to the breakthrough or breakdown of key positions.

Support and Resistance Levels

Support Levels

1. $4.05

2. $3.90

3. $3.75

Resistance Levels

1. $4.30

2. $4.45

3. $4.60

Short-term Trading Strategy

Long Strategy

• Entry Point $4.05

• Add Position Point $3.90

• Stop Loss Point $3.70

• Take Profit Targets

1. $4.30

2. $4.45

3. $4.60

Short Strategy

• Entry Point $4.30

• Add Position Point $4.45

• Stop Loss Point $4.65

• Take Profit Targets

1. $4.05

2. $3.90

3. $3.75

My Prediction

The market may experience further adjustments, it is recommended to focus on short positions, looking for entry opportunities near resistance levels.

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