1️⃣ 1-Hour Chart: SUI short-term attempted a rebound near 3.15 after stopping the decline. Currently above the short-term moving averages, but the BOLL middle and upper bands have significant resistance. The price is still under pressure around 3.33~3.35. The short-cycle moving averages have just started to converge, showing slight signs of flattening. The CCI indicator is in a relatively strong zone, but momentum is insufficient, indicating that upward pressure still exists.
2️⃣ 4-Hour Chart: You can see that the downtrend line is still present at the 4-hour level. Although there has been a small rebound in the short term, the moving average system is bearish. The range of 3.30~3.35 is experiencing repeated fluctuations, currently considered a weak rebound correction. The BOLL band is still opening downward, with significant resistance.
3️⃣ Daily Chart: The previous surge and crash have been digested. After a continuous volume reduction adjustment from May 3 to May 5, there was a candlestick last night showing a high followed by a retreat. The technical aspect shows that the resistance above 3.35 has not been broken, and the overall structure is weak. The BOLL middle band is hovering around 3.30, and no breakout signal has appeared yet.
Strategy Forecast:
Current Price: 3.29
First Support Level: 3.34
Second Support Level: 3.37
Support Level: 3.21
