#SUI🔥 Half-hour analysis $SUI

Analysis from the latest SUIUSDT chart is as follows:

market analysis

1. Trend observation

• Short term trends:

• The current price is 4.9085, which is between the middle and upper Bollinger Bands, indicating that prices are currently maintaining an upward trend but are gradually leveling off.

• Above 5.0000 is a significant resistance level that could trigger price shocks.

• Moving average system:

• The short-term moving averages (EMA5, EMA10, EMA20) diverge upward, providing strong support.

• The medium and long-term moving averages (EMA60 and EMA120) have risen further, providing downward support for the price.

• Bollinger Bands:

• The opening of the Bollinger Bands has expanded, and the price is approaching the upper track. It may face certain pressure in the short term.

2. Technical indicators

• MACD indicator:

• Both DIFF and DEA are in the positive range, but the red bars are gradually shortening, indicating that the upward momentum has weakened.

• KDJ indicator:

• The current K value is 44.11, D value is 47.19, and J value is 37.95, indicating that the market has entered a shock adjustment stage.

• OBV indicator:

• OBV shows continued capital inflows and strong market confidence, but the growth rate has slowed down.

3. Support and resistance

• Short-term support levels: 4.8000 (EMA20 support), 4.7000 (Bollinger Band middle track).

• Short-term resistance levels: 5.0000 (psychological threshold), 5.2000 (previous high).

trading strategy

short term strategy

1. High position short order strategy:

• If the price is close to 5.0000 but cannot break through, you can short the position.

• Take profit target: 4.8500 or 4.7500.

• Stop loss level: 5.0500.

2. Callback and buy low strategy:

• If the price pulls back to the 4.8000-4.7000 range and stabilizes, try to go long.

• Take profit target: 5.0000.

• Stop loss level: 4.6500.

Medium and long-term strategy

• If the price successfully breaks through 5.0000 and holds firm, the market outlook can target 5.2000-5.5000.

• If there is a correction and stabilizes at 4.6000, multiple orders can be placed in batches.

Risk warning

1. Short-term momentum weakens: MACD red column shortens, KDJ is close to the top of the shock range, we need to be alert to the risk of short-term correction.

2. Changes in trading volume: If subsequent trading volume cannot keep up, prices may continue to fluctuate or correct.

3. Large volatility: Strictly set stop losses to prevent unnecessary losses caused by rapid price fluctuations.

It is recommended to pay close attention to the performance of the 5.0000 resistance range and whether it is accompanied by a large increase in volume!