1. Review of Yesterday's Trend
From yesterday's candlestick chart, SUI price rose sharply, reaching a high of 4.9942 and leaving a significant upper shadow. This indicates significant selling pressure above, and short-term bullish sentiment may have reached its limit. The price quickly retracing from a high position shows that bearish strength is gradually increasing, providing a basis for today’s short operations.
2. Technical Indicator Analysis
Moving Average System (MA): MA7 (short-term moving average) has risen sharply, but the price is far from the moving average, indicating a need for technical correction. MA30 (medium-term moving average) is extending upwards, but the current price has broken through too much, indicating a short-term overbought condition.
Bollinger Bands (BOLL): The current price has broken through the upper Bollinger Band, showing an overbought signal, and the Bollinger Band is clearly widening, indicating a possible need to revert to the middle band in the future.
MACD Indicator: The MACD fast line and slow line are above the zero axis, with the red momentum bars continuously expanding, but there is a possibility of a top divergence, requiring vigilance against reversal risks.
RSI Indicator: The RSI has risen above 80 into the overbought area, indicating a pullback pressure.
3. Today's Trend Forecast
After a strong rise yesterday, SUI is likely to enter a technical adjustment phase in the short term. Considering the resistance above and technical signals, it is expected that the price may form a temporary top in the 4.80-4.90 range and gradually decline to test the support level below.
4. Today's Operational Suggestions
Opening Position: If the price rises to around 4.95, short in batches.
First Take Profit Level: 4.75
Second Take Profit Level: 4.60
Stop Loss Level: 5.10
5. Risk Warning
Upside Breakout Risk: If the price breaks above 5.00 and stabilizes, it may trigger a new round of upward momentum.
Market Volatility Risk: SUI has been quite volatile recently, requiring strict stop-loss settings and cautious operations.
6. Comprehensive Summary
SUI is currently in a short-term overbought state, with technicals showing increasing pullback pressure. Combining multiple technical indicators, today’s recommendation is to focus on short positions, looking for rebound entry opportunities near key resistance levels, and gradually take profits at important support levels.
