The SUI technical analysis shows that the 4-hour K-line pattern has formed a complete head and shoulders structure, indicating that the short-term price will continue to trend downwards in a volatile manner.
The current key neckline is set at $3.16, and if this support is effectively broken, the price may further drop to the target level of $2.9.
From a trading strategy perspective, it is recommended to establish short positions around $3.4, setting $3.55 as a stop-loss line to control potential risks; the target price is set at $2.9, aligning with the expected downward movement of the technical pattern.
Investors should closely monitor the gains and losses at the neckline to seize trend trading opportunities.
