1. Daily analysis — High-volume pullback, bears attempt to control the rhythm.
From a daily perspective, after a continuous rise, SUI has shown a typical high and pullback near 3.87, with yesterday's long upper shadow bearish candle engulfing the previous bullish candle, forming a clear 'cloud cover' pattern, with initial signs of a short-term top.
MACD red bars are weakening, and the fast and slow lines show signs of a bearish crossover; although the BOLL bands have not completely flattened, the price is approaching the middle band. If it breaks below, it will accelerate toward the lower band (approximately 3.47).
Technical conclusion: The daily structure has become weak, with clear top signals indicating a need for further pullback.
2. Four-hour analysis — Key support is under pressure, and rebounds are weak.
On the four-hour chart, after SUI's recent high and pullback, the price remains range-bound between 3.48–3.55, with the moving average system beginning to turn down. MA30 and MA60 are expected to form a bearish crossover, and the K-line has fallen below the short-term support line, indicating weak rebound momentum.
MACD has crossed bearish and continues to release green bars, indicating that bearish momentum dominates the market. If it breaks below 3.48, it will open up further room for correction.
Technical conclusion: The four-hour structure has significantly weakened, bears are gradually taking control, and it may be difficult to regain strength in the short term.
3. One-hour analysis — Short-term structure is weak, pressure to break down is increasing.
On the one-hour chart, SUI has attempted to rebound multiple times but has not effectively broken through the resistance near 3.55, and currently, several K-lines have closed between the middle and lower BOLL bands, indicating a weak operational pattern.
Although MACD is slightly oscillating at a low level, it is still in a bearish crossover, and the green bars have not completely converged, indicating that bearish strength is still being released, with sufficient downward momentum in the short term.
Technical conclusion: Hourly level bullish momentum is weak, short-term support is about to be broken, it's more prudent to short in the trend.
4. Suggested trading strategy (bearish)
🧨 Opening range: around 3.50
🎯 First key support: 3.45
🎯 Second key support: 3.40
❗ Key support area: 3.57
📌 Strategy logic: Currently, SUI has formed a short-term top pattern, with technical indicators across all cycles resonating in weakness. The price is at a critical breakdown point, making it a good opportunity to open short positions. Set tight stop losses to avoid sudden spikes.
5. Summary
SUI has recently seen a sharp rise followed by a high-volume pullback, with clear top signals. The daily line shows a bearish engulfing pattern, the four-hour moving averages have crossed bearish, and the one-hour rebound is weak, all indicating a short-term bearish trend. Currently, around 3.50 is the key point for bears to enter; if it breaks below 3.48, it will quickly slide toward lower support.
📉 Trading suggestion: Lightly short, with clear targets and firm stop losses. Avoid chasing up in a weak market; wait for further confirmation of technical patterns before deciding to switch to short-term longs.
