Let's talk about whether this $SUI is destined to 'cool down' and plummet, or whether it can 'soar' and rise all the way up?
Currently, SUI's daily chart shows a fluctuating decline, with multiple failed attempts to breach key resistance levels, and bears are dominant in the short term.
There are no significant positive news, making it difficult for bulls to gain momentum, and the trading atmosphere is cautious.
Key levels to watch are 3.55 and 3.3; 3.55 is a resistance area that has been tested multiple times without success, and a rebound to this level may see bears pressuring it; 3.3 is an important support level, and a drop below this price could lead to 3.2.
With bulls and bears in a stalemate, and no positive news, bears hold the upper hand. Don't chase after a rebound. In the future, I believe there is a 70% probability that bears will continue to dominate, first with a slight rebound to 3.55 to lure in buyers, then pushing down below 3.3 to initiate a new decline;
There is a 30% probability that bulls could violently break through 3.6 with unexpected positive news, but this probability is low, so keep a close eye on the market.
For now, it's advisable to remain on the sidelines and not enter the market easily; if there is a rebound close to 3.55, consider lightly shorting. If the price unexpectedly breaks through 3.6 with significant volume, quickly close the short position and consider whether to switch to a long position based on market conditions, targeting the 3.7 - 3.8 area.
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