Today's technical analysis:

1. Moving average system:

  • 4-hour chart:

    • MA7 (short-term moving average) and MA30 have formed a golden cross, indicating that there is further upward momentum in the short term.

    • MA30 (long-term moving average) is above the current price, showing that there is strong selling pressure above.

    • The current price is already close to the range between MA30 and MA7, and attention should be paid to the breakout of MA30.

  • 1-hour chart:

    • The moving averages are in a bullish arrangement, with strong short-term support, but short-term upward movements may be blocked, posing a risk of pullback.

2. Bollinger Bands:

  • 4-hour chart:

    • The Bollinger Bands are beginning to widen, indicating that short-term volatility is increasing. The current price is near the upper Bollinger Band, and it may test the upper pressure again after retracing to the middle band in the short term.

    • The middle band support level is approximately 4.70, with further support at the lower Bollinger Band of 4.44.

  • 1-hour chart:

    • The current price is running along the upper Bollinger Band, but the upper band has started to flatten, indicating that short-term momentum may be insufficient and there is a certain demand for a pullback.

3. MACD Indicator:

  • 4-hour chart:

    • The DIF line and DEA line have just golden crossed upwards, but the momentum bar is relatively short, indicating that bullish momentum is gradually accumulating and has not yet fully erupted.

4. RSI Indicator:

  • 4-hour chart:

    • RSI is at 58.99, close to the strong zone, but has not yet reached the overbought zone (above 70), indicating there is still some upward space.

5. Trading volume:

  • After a significant increase in trading volume yesterday, today's volume has decreased, indicating that market sentiment is becoming cautious.

Review of yesterday's trend:

Yesterday, the price showed a clear rebound trend, gradually rising from a low of 4.43 to the current 4.86. Short-term bullish sentiment is strong, but as it approaches a key resistance level (near MA30), it may face selling pressure.

Today's trend forecast:

  1. If it breaks through the key resistance level of 4.90:

    • The price may continue to test the 5.00 or even 5.10 area.

  2. If it is blocked near 4.90:

    • The price may pull back to the 4.70-4.60 area, or even further test the support level of 4.44.

In the short term, the upward trend has not completely ended, but caution should be taken against pullback risks as it approaches resistance levels.

Operational suggestions:

Strategy: Short-term view is oscillating pullback, mainly buying on dips, cautious about chasing highs.

  1. Opening position suggestions:

    • Long position: Gradually build long positions in the 4.70-4.75 area.

  2. Take profit and stop-loss settings:

    • First take profit level: 4.90.

    • Second take profit level: 5.10.

    • Stop-loss level: 4.60.

Today, SUI has a certain rebound space in the short term, but caution is needed against pullback risks as it approaches key resistance levels. It is recommended that investors pay attention to the oscillation opportunities within the 4.70-4.90 range, be cautious about chasing highs, and pay attention to position and risk control.

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