$SUI 30-minute level analysis
This ID's view: After SUI tested the low of 0.9968, it started a recovery trend. Currently, it is in a central oscillation phase following the rebound, with bulls and bears tugging in a game of strength. The short-term outlook is slightly bullish with oscillation, not suitable for chasing highs directly. Entry should be chosen on a pullback to the 1.10-1.108 support level to stabilize before positioning long; on the upside, when reaching the 1.145-1.155 resistance zone, if upward momentum weakens, take profit and exit. If it effectively breaks below the 1.085 defense price, abandon the idea of going long.
Chan Theory Structure
At the 30-minute level, the downtrend segment starting from 1.2544 completed its bottom test at 0.9968, with bearish momentum fully released. After the price rose steadily, it formed the current purple secondary central zone at the high level. Now the price oscillates back and forth within the central box, digesting chips, representing a consolidation continuation in the upward process. Once the price breaks above and holds above the upper edge of the central zone, the rebound will continue to extend; conversely, if it breaks below the lower edge of the central zone, this recovery structure will be destroyed.
Wyckoff Volume-Price Observation
When rebounding from the bottom, volume significantly increased, showing real bottom-fishing capital entering; after entering the central oscillation, overall volume began to contract, with neither bulls nor bears launching fierce attacks. When testing upward, volume follow-through was moderate, with no intense rush to accumulate; when pulling back downward, selling pressure was not heavy. It is evident the market is in a chip exchange phase, with large funds still watching, and the short-term is likely to maintain box oscillation.
