Daily chart technical analysis

  • Moving Average System:

    • The current price is at 4.2444, below MA7 (4.2755), indicating that it is still in an adjustment trend in the short term, with bears taking the lead.

    • The medium to long-term moving averages MA30 (4.4196) and MA100 (4.4359) are in a bearish arrangement, with the price running below both, indicating strong pressure above.

  • K-Line Pattern:

    • Yesterday's K-Line showed a bullish line with a lower shadow, indicating that bears are losing strength in their downward movement, and bulls are attempting a counterattack.

    • Today's opening price is higher than yesterday's closing price. If the support at 4.22 holds, it may attempt to test the resistance in the range of 4.28 ~ 4.30 again.

  • MACD Indicator:

    • The DIF and DEA double lines continue to run below the zero axis, indicating that bearish momentum is weakening, and the downward trend is slowing in the short term.

    • However, a golden cross has not yet formed, and reversal signals remain unclear.

4-Hour Chart Technical Analysis

  • Moving Average System:

    • MA7 is at 4.2142, and the short-term price has attempted to break through but has failed multiple times, indicating a lack of strength for a short-term rebound.

    • MA30 (4.3086) and MA100 (4.4359) show a clear bearish arrangement, with MA30 becoming the recent resistance level.

  • Bollinger Band:

    • The lower Bollinger Band (4.20) is the current key support level, with the price testing it multiple times but not breaking below.

    • The middle band is at 4.30, becoming a short-term rebound target. The contraction of the Bollinger Band suggests that the price may oscillate in the 4.20 ~ 4.30 range.

  • RSI Indicator:

    • The RSI is currently oscillating around 46, indicating a bearish market sentiment, but still above the oversold area.

Today's operation suggestions

Based on technical indicators, SUI's current short-term trend is bearish, but there is a demand for oscillation correction. The following are operation suggestions:

Short-term bearish operation

  • Entry Point: Attempt to short in the range of 4.25 ~ 4.28

  • First Take Profit Level: 4.20 (Bollinger Band lower support)

  • Second Take Profit Level: 4.15 (Important psychological level)

  • Stop Loss Level: 4.31 (MA30 resistance level)

Combining the daily and 4-hour charts, SUI still maintains a bearish oscillating trend in the short term, with strong resistance forming in the 4.30 area, while the support at 4.20 below is also quite solid.

  • Key Support Level: 4.20 (Bollinger Band lower band and yesterday's low).

  • Key Resistance Level: 4.30 (Bollinger Band middle band and MA30).

Don't be blinded by short-term fluctuations. Brother Tang teaches you to lock in your targets, proceed step by step, and witness the explosion of wealth with a smile! Follow Brother Tang to take you from confusion to freedom!
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