$SUI
Point Analysis:
1. Key Support Levels:
• First Support Level:$4.40 (7-day moving average support)
• Second Support Level:$4.21 (25-day moving average support)
• Third Support Level:$3.86 (Psychological support area)
2. Key Resistance Levels:
• First Resistance Level:$4.76 (24-hour high)
• Second Resistance Level:$4.96 (Recent high)
• Third Resistance Level:$5.10 (Upper psychological resistance)
Bullish/Bearish Direction Forecast:
The current price of SUI is $4.61, with an intraday increase of 11.64%. The price has temporarily broken above the moving average resistance, initial signs of a MACD golden cross are appearing, and trading volume has significantly increased. The overall trend is bullish, but it is approaching the resistance area above, so caution is advised when chasing upward.
Strategy Suggestions:
• Long Position Strategy:
If the price retraces and stabilizes around $4.40, consider a light long position with a stop loss set at $4.20, target price $4.76/$4.96.
• Short Position Strategy:
If the price cannot break above $4.76 and shows clear signs of volume decline, a short position can be opened around $4.70, with a stop loss set at $4.90, target price $4.40/$4.21.
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