Based on the price fluctuation trend of SUI, I can conduct the following technical analysis and reasonably predict today's market direction in conjunction with yesterday's trend.
BOLL Indicator Observation:
The current price is near the middle track of the BOLL channel, with a previous breakout of the upper track, but currently retracing to the middle track, indicating that short-term market momentum has weakened.
The upper track resistance is at 4.3557, the lower track support is at 4.2577. The price at the middle track is 4.3067.
The BOLL channel is gradually narrowing, indicating that the price may enter a consolidation phase in the near future, but there is potential for further breakthroughs.
Moving Average (MA) Analysis:
Short-term moving average (MA5) and medium-term moving average (MA10) show signs of convergence near the current price, indicating unclear short-term direction, waiting for further guidance.
The long-term moving average (MA30) is still supporting below the price, indicating that the bullish trend has not been completely destroyed.
K-Line Pattern:
Yesterday's K-line showed a slight increase with a long lower shadow, indicating strong buying pressure below.
After today's opening, the price volatility has decreased, showing strong market wait-and-see sentiment.
Operational Suggestions
First Resistance Level: 4.3700
Short-term resistance level, if the price breaks through this level, consider entering a long position.
Second Resistance Level: 4.4100
Near yesterday's high, confirming the continuation of the bullish trend after the breakout.
Stop Loss Level: 4.2900
Key support below, if the price drops below this level, stop loss and exit the market.
Forecast Direction
Strong Fluctuation:
The current trend indicates that the SUI price may fluctuate between the range of 4.2900-4.3700. If it can effectively break through 4.3700, there will be an opportunity to test the resistance at 4.4100.
Short-term Operation:
Long Position Strategy: Arrange long positions in the range of 4.3000-4.3200, with a target price of 4.3700, and looking at 4.4100 after the breakout.
Short Position Strategy: If the price drops below 4.2900, a short position can be attempted, with a target towards 4.2500.
Summary Explanation
Based on technical analysis, today's SUI market is likely to be dominated by fluctuations, but the overall direction remains bullish. Investors are advised to pay attention to the key breakout situations at 4.3700 and 4.2900, and flexibly adjust positions.
Risk Warning: There is a certain degree of uncertainty in the market, please set stop losses reasonably and control position risks.
I am more optimistic about the upward fluctuation trend, especially if the price can break through 4.3700, which is expected to open up upward space. However, one should be wary of the possibility of false breakouts, and conservative investors may choose to enter the market after the breakout.
Do you have any specific additional requests for this analysis?
