I. Candlestick and Bollinger Band (BOLL) Analysis
From the 1-hour and 4-hour candlestick charts, SUI has recently shown a strong upward trend:
Short-term Trend: The price has broken above the middle Bollinger Band and is maintaining near the upper band, with the Bollinger Band showing clear signs of opening, indicating that the current market momentum is strong.
Key Resistance and Support Levels:
In the 1-hour chart, the recent high is at 5.36, which is an important resistance level in the short term;
Looking at the support level, yesterday's low of 5.13 is a key short-term support.
II. Review of Yesterday's Market
Yesterday, SUI rose from 5.13 to a maximum of 5.36, followed by some pullback. The current price is near the upper Bollinger Band, with a certain degree of volume contraction, indicating that the upward momentum is weakening, but the pullback strength is limited.
III. Today's Forecast and Trading Strategy
Combining the Bollinger Band, moving averages, and yesterday's market trends, SUI is likely to show the following two trends today:
Upward Breakout: If the price can effectively break through the 5.36 resistance level, it may further rise to the 5.45-5.50 range.
Volatile Pullback: If it fails to break through 5.36, it may fluctuate in the 5.13-5.36 range, with a short-term support level around 5.20.
IV. Trading Recommendations
First Take Profit Level (Short-term): 5.36
If holding a position, you can take partial profits at this level and wait for further confirmation of a breakout.Second Take Profit Level (Strong Resistance): 5.45-5.50
If it breaks5.36, you can continue to hold until this range, gradually taking profits as you exit.Stop Loss Level: 5.10
If the price falls below5.10, it indicates that a short-term adjustment trend has been established; you can stop loss and exit to avoid risk.
V. Supplementary Basis for Technical Analysis
RSI Indicator: The current RSI is around 70, in the overbought range, indicating some pullback pressure in the short term, but no obvious top signal has emerged.
MACD Indicator: The fast line and slow line continue to diverge upwards, with the red bars increasing in volume, showing that the market's bullish momentum remains.
Volume Observation: During yesterday's upward movement, the volume increased, but if today's volume does not continue to expand, a pullback after a surge may occur.
Summary and Recommendations
In summary, SUI still has upward momentum in the short term, but caution is needed for pullback risks near the 5.36 resistance level. It is recommended that investors flexibly adjust their positions based on support and resistance levels, strictly controlling risks.
Short-term Direction: Buy on dips and chase on breakouts;
Medium-term Direction: Observe the performance at the 5.36 resistance level, then decide whether to increase or decrease positions.
Market conditions change rapidly; remember to strictly take profit and stop loss, and patiently wait for clearer trend signals to appear!
