#SUİ Short-term Analysis: Key Battle at $3.83
Current Trend: SUI is consolidating around $3.83, with a 4-hour level showing reduced volatility and intensifying long-short competition, about to choose a direction.
Key Positions
Support Level: $3.70 (20-day moving average + short-term trend line), breaking this may lead to a drop to $3.50.
Resistance Level: $4.00 (psychological barrier + previous high pressure), if broken, target $4.20.
Technical Signals
RSI (4H): 56, neutral to strong but not overbought.
Trading Volume: Recently decreased, need to pay attention to whether there is an increase in volume during a breakout.
Operation Strategy
Short-term Bullish
If it holds above $3.80, a light position can be taken long, target $4.00, stop loss at $3.70.
Breaking $4.00 allows for an increase in position, targeting $4.20.
Short-term Bearish
If it drops below $3.70, it may retrace to $3.50, consider shorting.
Market Volatility (Influence of BTC/ETH trends)
- No significant positive news for the SUI ecosystem recently, need to be cautious of capital outflow.
Summary: SUI is at a critical turning point, specific entry positions need to be determined based on market changes, and I will announce any changes internally.
