6.23 Is SUI's strong rebound just a fake move? Complete analysis of levels + strategies!
1. Summary of yesterday's market (June 22)
SUI continued the overall "waterfall" downward trend yesterday, with weakness extremely evident:
Opened around 2.69 USDT, fluctuating downwards throughout the day, hitting a low of 2.29 USDT, with a maximum drop of nearly 15%.
2. Analysis of important events that occurred last night
After a large number of short-term contracts were liquidated, the short position rebound stopped above 2.49, with rapid fluctuations in the market, suspected to be a washout to continue shorting.
Federal Reserve officials spoke hawkishly, and the market's risk assets generally retreated, with SUI unable to stand out, once again breaking through psychological levels.
3. Comprehensive technical analysis of K-line charts
Daily: Long bearish candles for three consecutive days, breaking through all moving average supports, confirming a typical downtrend.
Trading volume continues to expand, indicating that bearish momentum is still strengthening.
MACD death cross is widening, with the downward space still not closed.
Four-hour chart: A brief rebound to below the middle track of the Bollinger Bands was suppressed, and the inability to turn positive indicates a weak rebound.
Although the RSI indicator is close to oversold, it can easily extend inertia in a downward channel, and is not a bottom-fishing signal.
One-hour chart: Technically in a short-term oversold pullback structure, shaped as a continuation within a "descending flag."
Volume has not been effectively released, unable to support a sustained rise.
High points are gradually moving down, and the bearish rhythm remains intact.
4. Level layout
Opening position: 2.49
First take-profit level: 2.44
Second take-profit level: 2.42
Stop-loss level: 2.55
