SUI Short-term Offensive and Defensive Battle, How to Grasp Key Levels?

Support and Resistance Level Analysis:

• Current Price: $5.2159

• Short-term Support Level: $5.1183 (24-hour low)

• Strong Support Level: $4.8788 (MA25 Moving Average)

• Short-term Resistance Level: $5.3232 (24-hour high)

• Upper Strong Resistance Level: $5.3598 (Recent High)

Technical Analysis:

1. Moving Average Trend: MA7 continues to rise, price is close to the short-term moving average, the trend is strong, MA25 forms important support.

2. MACD Signal: DIF and DEA tend to smooth out, red bars shorten, bullish momentum weakens, the market shifts to consolidation.

3. Volume Observation: Trading volume has decreased, indicating that current market sentiment is becoming cautious.

Strategy Suggestions:

• Bullish Strategy: If the price breaks above $5.3232, consider light positions to go long, target levels at $5.35 and $5.40, with stop-loss set below $5.18.

• Bearish Strategy: If the price falls below $5.1183, consider light positions to go short, target levels at $5.00 and $4.90, with stop-loss set above $5.25.

Risk Warning:

The overall trend of SUI remains strong, but upward momentum has slowed, attention should be paid to the breakout direction of the short-term key range, and avoid heavy positions.

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