1. K-Line Chart Market Analysis

From the chart, SUI price has shown a significant rebound trend recently. After the oscillating low of 3.3350 on December 10, the price rebounded strongly and encountered resistance near 4.9272, with the current price at 4.7943. Overall, the price is running above the short-term and mid-level moving averages (MA) (7), MA(30), indicating a bullish trend is dominant, but there is a certain need for short-term adjustment.

Support and Resistance:

Support Level: The short-term support level is near MA(7), around 4.7736; the lower support level is at 4.7157 (MA(30)).

Resistance Level: The key resistance above is yesterday's high of 4.9272; after breaking through, it is expected to test the integer level of 5.000.

Trading Volume and Momentum:

The trading volume has significantly increased during the previous rebound, indicating strong bullish intent, but current momentum has slightly weakened.

Trend Judgment:

The moving average system is generally diverging upwards, indicating that the medium-term trend is still bullish; the short-term MA(7) has slightly turned, suggesting that the price may oscillate and consolidate at a high level.

2. Today's Operational Suggestions

Based on the chart and technical analysis, it is recommended to operate in both breakout upward and short-term pullback directions.

Direction 1: Breakout Upward (Bullish Operation)

Conditions: If the price effectively breaks through yesterday's high of 4.9272, consider going long.

Opening Position: Around 4.930

First Take Profit Level: 5.030 (short-term target, about 100 points of space)

Second Take Profit Level: 5.150 (challenging a higher target, about 220 points of space)

Stop Loss Level: 4.850 (stop loss if this position is broken, control risk)

Direction 2: Short-term Pullback (Bearish Operation)

Conditions: If the price breaks below the short-term support of 4.7736 and cannot rebound quickly, consider shorting.

Opening Position: Around 4.760

First Take Profit Level: 4.670 (testing previous support, about 90 points of space)

Second Take Profit Level: 4.600 (further probing target, about 160 points of space)

Stop Loss Level: 4.820 (stop loss when the price returns above key support)

3. Strategies and Risk Control

Range Trading Strategy: If the price continues to oscillate between 4.7736 and 4.9272, it is advisable to sell high and buy low.

Breakout trend follows closely: After the price breaks through key resistance or support, follow the trend to operate, prioritizing clear directional and simple choices.

Strictly implement take profit and stop loss: the risk of sudden changes increases, it is recommended to set reasonable stop loss points to avoid emotional trading.

In the short term, the bullish trend is dominant, but the pressure at high levels cannot be ignored. Operations should focus on the main field and seize breakout opportunities. Although the market is changeable, strategies are more important. Remember to follow Mr. Qiu, who has a firm grasp of the trends in the crypto circle!

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