$SUI A one-to-one trend, but this is just a personal subjective prediction and does not represent an entry point now. Resistance is used to observe profit-taking, not for opening positions midway or shorting.
That is, around 3.22
Returning to the market to observe the trend, reading the market often requires finding patterns from historical trends. It can be seen that it has always respected the EMA55 moving average, each time it has retraced before starting the next small trend.
Some careful friends may notice that sometimes it has fallen below but then quickly rebounded. Can this still be considered effective?
This point relates to another small piece of knowledge: filtering out some ineffective candlesticks, specifically those that have quickly recovered after breaking down. We can define them as false breakdowns, and this can also be applied when we look for key positions.
Such situations generally occur due to insufficient liquidity and spike occurrences, so just filter these situations out.
It can also be seen that around the 25th and 28th, it tested the daily EMA55 again, subsequently triggering a significant upward trend.
This is currently the key position observed, the previous peak of the current market, and also the position where we can speculate. Of course, it won't happen too quickly; it may take a week or even longer to return here, but everything still needs to be based on the EMA55 moving average to see where it can go.
It can also be seen before the breakout that there was a resistance behavior at this point, which indicates that this resistance is effective. Now that it has broken through, conversely, it naturally becomes a support position for us to pay attention to and speculate on; there are also many resonance points present.
Position: 2.344
Recommendation Index: 5
