【2024.5.11. SUI intraday market analysis】
SUI market analysis and trading suggestions
📉 Current trend: SUI shows a bearish trend at the 2-4 hour level, and the 1-hour level correction has ended.
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📌 Today's focus: Pay special attention to the 1-hour level long and short price near 1.0113. If the price successfully stands above this position, you can consider going long and pay attention to the upper pressure level.
🔝 Upper pressure level: Once the long order is initiated, the upper pressure levels are located near 1.0177, 1.0235 and 1.0330. If the price fails to break through these pressure levels, you need to operate with caution.
🔻 Lower support level: If the price fails to stand above 1.0113, there will be short opportunities at a small level. At this time, you need to pay attention to the support levels below, which are 1.0049, 0.9976 and 0.9891.
💡 Trading reminder: In the cryptocurrency investment, hard work does not necessarily make you rich. Instead, you need to watch more and do less, and endure the loneliness of empty positions. Contract trading requires special caution to ensure that risks are controllable and stable profits are made. I wish you all a smooth transaction! 🙏
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