Long-term trend: The overall SUI is still in a volatile downward trend. The recent price has failed to effectively break through the 30-day moving average (4.32), indicating that the bears are still dominant.
Short-term trend: The price forms a shock consolidation platform around 4.10, the rebound momentum weakens, and the probability of short-term decline is high.
Resistance
The first resistance level: 4.32 (30-day moving average pressure)
Second resistance level: 4.45 (previous high and 100-day moving average)
Support
First support level: 4.00 (psychological barrier and previous shock low)
Second support level: 3.85 (earlier effective support area)
The trading volume has obviously shrunk at high levels, indicating that the longs are not willing to take over and the shorts are more likely to accumulate momentum. Yesterday, SUI fluctuated in the 4.10-4.25 range, and failed to break through. It tested the support below several times, indicating that the price has the risk of further decline. SUI is currently weak in rebounding, and the short-term upper selling pressure is heavy. If it falls below the 4.10 support, there is a high probability of testing the support area below 3.85.
Today's forecast direction: shock downward, short-term dominance
Opening position: 4.25-4.30 (open short position when approaching resistance level)
First stop profit level: 4.10 (short-term support level, reduce position by half to lock in profit)
Second stop profit level: 3.85 (early strong support area, complete the main goal)
Stop loss: 4.45 (if the previous high is broken, exit the market to avoid further losses)
RSI is hovering around 50, with weak rebound and increasing short-term downward pressure. DIF and DEA are gradually approaching each other, and the short-term momentum column is gradually expanding, forming a short-term trend signal. The current price is running below the middle track of the Bollinger Band. If it falls below the lower track (4.10), it may open up further downward space. If the price effectively falls below 4.10, the stop loss can be moved down to 4.20 to protect profits.
There is a lot of hidden secrets under the shock, and the weak rebound is the right time to make a layout. Follow Mr. Qiu and make every operation more confident!