#SUI🔥 SUI Daily Report

• Current Price: $4.02 (+1.75%), current bulls are in control, but the volume is insufficient, beware of false breakout situations.

Key Levels

• Support 1: 3.83 (both the 24-hour low and an important defense line for bulls)

• Support 2: 3.58 (provides bottom support from the EMA13 moving average, if broken, the market may turn into a range)

• Resistance 1: 4.27 (the 24-hour high, to achieve a breakout, additional trading volume is needed)

• Resistance 2: 4.50 (a round number, also psychologically suppressed by previous highs)

Indicator Signals

• RSI(6) approaching 76, short-term market heat is relatively high, if attacking 4.27 with reduced volume, caution is advised for potential traps.

• Although MACD has a golden cross, the histogram is very weak, indicating insufficient bullish momentum, only if it holds above 4.0, the upward trend is likely to continue.

• Trading volume is below the 5-day average, if the subsequent rebound lacks volume, it is advisable to reduce positions at highs.

Strategy

• Aggressive: Can perform low buying operations in the 3.83 - 3.90 range, set a stop-loss at 3.75; if the price holds above 4.27, consider adding positions.

• Conservative: If it breaks below 3.58, shift to a bearish mindset and choose to wait and see.

Trend

In the short term, SUI's trend leans bullish, but insufficient volume is a limiting factor. 4.27 becomes the decisive point for both bulls and bears, if successfully broken, it is expected to look towards 4.5; conversely, it may retest 3.6 to build momentum. Don't let short-term fluctuations shake you out, focus on changes in trading volume!

Attention points, thumbs up #SUI🔥