【1. Brief Review of Yesterday's Trend (May 1)】
SUI continued a volatile upward trend yesterday, reaching a maximum of the 3.57 area before encountering resistance and falling back, forming a “false breakout” pattern. The volume failed to effectively expand, and the bullish attack willingness is insufficient, leading to clear divergence at the end of the session. The price is currently at the critical node of 3.50, with a clear long-short critical point, making direction choice very easy today.
【2. Technical Analysis Summary】
【Daily Level】—— Top structure is initially established
Yesterday formed a long upper shadow small bearish candle, combined with the previous day's bullish candle to form a 'cloud cover', indicating a clear top signal.
EMA System: Price is running between EMA7 and EMA30, bullish momentum is weakened; if it falls below EMA14 today, the downtrend will further strengthen.
MACD: Red bars continuously shortening, fast and slow lines are expected to cross, bearish momentum is accumulating.
BOLL Channel: Price is close to the upper band and faces resistance, with expectations of returning to the middle band, which has support at 3.30.
【Four-hour Level】—— Breaking point is approaching
3.57 constitutes the stage top, price returns below 3.50, forming a clear head and shoulder pullback structure.
EMA moving averages are converging and turning, short-term EMA10 and EMA20 may cross below EMA30, indicating a death cross warning.
RSI: High position moving down and entering the lower edge of the neutral zone, reflecting a significant decrease in market momentum.
Trading volume continues to decrease, indicating an increase in market wait-and-see sentiment, and bears may concentrate their efforts.
【One-hour Level】—— Structure weakening, short signals strengthening
Current price has fallen below EMA5 and EMA10, short-term pressure is increasing.
KDJ death cross moving down, short-term rebound is weak, and bearish volume is initially released.
MACD death cross in operation, green bars expanding, the market has begun to weaken, and bullish support is gradually shifting downwards.
【3. Key Trading Positions and Positioning】
Opening Position: 3.52
First Support Level: 3.46
Second Support Level: 3.40
Stop Loss Level: 3.57
