📍 Current Price: 3.867 USDT
SUI has recently entered a high-level consolidation after a strong rebound, rising from a low of 3.1157 to a high of 4.30, an increase of over 30%. Now pulling back to around 3.86, is this sufficient short-term adjustment and the key window for a new round of bullish positioning?
Detailed Explanation of Multi-Period Technical Analysis
Daily Chart Analysis: Trend Structure: Since the rally began on May 6, SUI has shown a clear upward trend and is currently maintaining an upward channel during the pullback;
Moving Average System: MA7 (3.9085) has not yet crossed below MA30 (3.9519), short-term pullback but overall bullish trend remains intact;
4-Hour Chart Analysis
Structural Observation: High point 4.30 confirmed a pullback, currently consolidating in the range of 3.84~3.90, forming short-term bottom support;
Moving Average Situation: MA7 and MA30 are converging, price is hovering nearby, if it breaks above 3.91 in the short term, it is expected to rise again;
1-Hour Chart Analysis
Short-Term Dynamics: In the last few trading hours, multiple attempts to test 3.84 have not broken, forming a double bottom pattern, with clear bottom support;
Trading Volume: Slight increase in volume at the bottom, combined with technical patterns, may indicate a bullish kickoff.
Long Position Strategy Suggestion (Based on 75x Leverage)
Opening Position 3.865 ~ 3.875
First Take-Profit Position 3.924
Second Take-Profit Position 3.964
Stop-Loss Position 3.788
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