1. K-Line and Bollinger Band (BOLL) Analysis

  1. Short-term Trend:

    • From the 1-hour and 4-hour charts, SUI has recently maintained an overall upward trend. After rebounding from a low of 5.13 yesterday, it reached a maximum of 5.36, and the current price is hovering near the upper Bollinger Band.

    • The Bollinger Bands are widening, indicating that the current market momentum is strong, but a certain selling pressure has appeared near the upper band, suggesting a potential need for a short-term pullback.

  2. Support and Resistance Levels:

    • Key Resistance Level:

      • Short-term: 5.36 (yesterday's high coinciding with the upper Bollinger Band);

      • Strong Resistance: 5.45-5.50 (bullish target range).

    • Key Support Level:

      • Short-term Support: 5.20 (middle Bollinger Band);

      • Strong Support: 5.13 (yesterday's low coinciding with MA30 support).

2. Review of Yesterday's Market

Yesterday, the price of SUI surged from 5.13, reaching a maximum of 5.36. Although there was a pullback at the end of the session, it remained in high-level fluctuations overall, showing strong bullish control. The trading volume increased, but after today's opening, the volume has shrunk, indicating a weakening willingness of bulls to chase rises, facing potential technical adjustments in the short term.

3. Today's Forecast and Trend Analysis

Combining Bollinger Bands, moving averages, and technical indicators, SUI is likely to exhibit the following two trends today:

  1. Bullish Breakout:

    • If the price can effectively break through the 5.36 key resistance, it is likely to further probe the 5.45-5.50 area.

    • However, the volume needs to continue to expand; otherwise, a false breakout or a pullback may occur after the breakout.

  2. Fluctuation and Pullback:

    • If the price is blocked near the 5.36 resistance level, or due to insufficient volume, it may pull back to the 5.20-5.13 range, forming a short-term consolidation.

    • If it breaks below 5.13, it may further probe down to 5.10 or even lower levels.

4. Intraday Trading Suggestions

Based on the current trend and technical signals, it is recommended to focus on high selling and low buying today, cautiously chasing the rise, while strictly setting profit-taking and stop-loss levels.

  1. Long Position Strategy:

    • Opening Range: 5.16-5.20;

    • First Profit-Taking Level: 5.36;

    • Second Profit-Taking Level: 5.45;

    • Stop-Loss Level: 5.10.

5. Supplementary Analysis of Technical Indicators

  1. RSI Indicator:

    • The current RSI is above 70, close to the overbought range, indicating a risk of short-term pullback, but no obvious divergence signal has appeared yet.

  2. MACD Indicator:

    • The fast line and slow line show a bullish arrangement, with red bars continuing to expand, indicating that the market still has some upward momentum, but caution is needed regarding the exhaustion of high-level momentum.

  3. Volume Observation:

    • Yesterday, the volume significantly increased, boosting the price rebound, but if today's volume cannot continue to follow up, the difficulty of breaking through the resistance level will significantly increase.

6. Summary and Reasonable Forecast

Overall, the short-term trend of SUI remains bullish, but attention should be paid to the breakout of the 5.36 resistance level and whether the volume supports further upward movement. The expected intraday fluctuation range is 5.20-5.50, with a volatility of about 300 points. It is recommended that investors flexibly adjust their positions to seize opportunities for high selling and low buying.

Understanding the market rhythm is the beginning of wealth management! Follow Lao Tan closely, make early arrangements, and let the next peak belong to your account! Pay attention to Lao Tan, and never let opportunities slip away!
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