Today's technical analysis

  1. Moving average analysis:

    • The MA(7), MA(30), and MA(100) indicators in the chart show that there is some fluctuation in the short-term trend. The current price (around 4.575) has already fallen below the MA(7) short-term support line and is below the MA(30) line, but has not yet touched the MA(100) long-term support.

    • The distance between MA(30) (4.4280) and MA(100) (4.4048) is gradually narrowing, indicating a weak medium-term trend.

  2. Price momentum and pressure support:

    • Resistance levels: The short-term resistance level above is at 4.640 (yesterday's high point area), with further pressure at 4.700.

    • Support levels: The initial support below is at 4.500, with key support at 4.400.

  3. Trading volume and yesterday's trend:

    • Yesterday's candlestick showed a fluctuating downward trend, with a small range (yesterday's high at 4.595, low at 4.535), indicating a lack of clear direction in the market in the short term.

    • Trading volume has slightly increased, indicating that bears have a certain advantage, but bulls have strong support in the 4.400-4.500 area.

  4. Technical indicators:

    • MACD: The indicator is operating below the zero axis, with no significant separation between DIF and DEA. The short-term market is dominated by bears, but the strength is weakening.

    • RSI: Currently around 50, indicating that the market is in a neutral to bearish area.

    • Bollinger Bands: The hourly Bollinger Bands show a narrowing trend, with the current price running below the middle band, indicating the possibility of further decline to the lower band (around 4.500).

Today's trend prediction

Combining yesterday's price performance and current technical indicators, it is expected that SUI's trend today will mainly be a fluctuating downward trend, but may experience a slight rebound after gaining support in the 4.400-4.500 area.

  1. Weak trend: Bears are dominant, but there is a possibility of a short-term bullish rebound.

  2. Fluctuation range: It is expected that today's fluctuation range is between 4.450-4.600.

Today's trading advice

Long position strategy:

  • Entry point: 4.450-4.480 (lightly buy on touching the lower support)

  • Target: 4.550 (first take profit) - 4.600 (second take profit)

  • Stop loss: 4.400 (must stop loss and exit if key support is lost)

Today's operations will mainly focus on range fluctuations, suggesting selling high and buying low, strictly controlling positions and stop losses. If the price falls below 4.450 and continues to decline, the market may further test the 4.400 support level. If the price breaks through 4.600 and holds, then bulls are expected to regain control, targeting 4.700.

Insight into market rhythm is the beginning of wealth control! Follow Lao Tan closely, arrange in advance, and let the next peak belong to your account! Follow Lao Tan, and never let opportunities slip away!
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