🚨SUI Counterattack Signal? Key Turning Point at $3.30 Exposed! Seize the Bottom Reversal Opportunity🚨
Summary
SUI is currently in a technically oversold area, with a price of $3.34 below the holding cost of $3.38, and the lower Bollinger Band at $3.26 providing support. Despite a 24-hour decline of 2.47% and a continuous decrease in contract positions, a $1.14m fund inflow over 4 hours accompanied by a 0.96% rebound indicates local bullish momentum. It is recommended to attempt small positions to go long at $3.28-$3.32, with a strict stop loss below $3.25 and a target of $3.44-$3.52 (risk-reward ratio of 1:1.5). Caution is warranted regarding the liquidity risk triggered by a net outflow of $9.71m in the main contract.
Technical Analysis
1. Price Status:
• Bollinger Band position between 41.53% at the middle and lower bands, with the lower band at 3.2665 forming strong support
• MA200 deviation at -5.17% shows a bearish arrangement, with $3.5235 constituting strong resistance above
• Holding cost deviation at -1.23%, with $3.3827 acting as a dividing line between bulls and bears
2. Market Strength:
• Volume ratio of 0.77 indicates a volume decline, the 4h level volume-price divergence suggests a rebound demand
• 24h open interest increased by 37.15% while the price declined, reflecting passive buying by bulls
• Long-short ratio of 1.24→1.38 shows leveraged bulls increasing positions against the trend
3. Key Price Levels:
• Support level at $3.2665 (lower Bollinger band + historical transaction dense area)
• Resistance level at $3.4465 (upper Bollinger band + MA200 resonance pressure)
Market Cycle Analysis
Currently in the final stage of a downtrend cycle, RSI at 37.84 is close to the oversold zone, with a funding rate of 0.01% indicating market sentiment recovery, and a net inflow of $1.14m at the 4h level suggesting a local bottom formation.
Trading Strategy
1. Specific Levels:
• Entry: $3.28-$3.32 (above the lower Bollinger band for a safe margin)
• Stop Loss: $3.25 (3% breakthrough of the lower Bollinger band confirms the breakdown)
• Target: $3.44 (upper Bollinger band)/$3.52 (MA200)
• Risk-Reward Ratio: 1:1.5 (calculated based on entry at $3.30: (3.44-3.30)/(3.30-3.25)=2.8 times)
2. Risk Warning:
• A net outflow of $50.05m in the main contract over 5 days could trigger a sell-off
• If it falls below $3.25, immediate stop loss is required to prevent liquidity crisis
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