Market analysis
From the K-line of SUI, the price has recently been in a phase of fluctuation and adjustment, but the overall structure remains within a large retracement range. Yesterday, SUI hit a low and then rebounded after touching around 2.2525. The current quote is 2.7282, and the short-term moving averages (MA7: 2.7419, MA30: 2.7135) are tending to converge, showing signs of support.
In terms of the BOLL indicator, the current price is approaching the middle track (2.5903), with resistance above at 2.8630. Short-term fluctuations are increasing, which may lead to a round of price increases.
Strategy
Opening position: Light position entry at around 2.690 for long.
First support level: Around 2.850, short-term target.
Second support level: The 3.000 mark, further breakthroughs confirm the upward trend.
Stop loss level: 2.540, if it retraces to this position, then stop loss and exit.
Technical analysis support
Moving average system: Short-term moving averages are turning upwards, and the price is stable above the 7-day moving average, indicating further rebound momentum.
BOLL indicator: The middle track support is effective, the upper track space is opened, and there is hope to impact the upper track resistance.
Trading volume: Increased volume indicates that funds are starting to enter the market, and bullish sentiment is warming.
Summary
SUI is likely to fluctuate upwards in the short term, with support at 2.690. A breakthrough at 2.850 will open up upward space, targeting 3.000. In trading, enter in batches in the 2.690-2.730 range, with a stop loss at 2.540, targeting a profit space of 900-1100 points.
