$SUI 30-minute level analysis
This ID's view: After SUI tested the low point at 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 cautiously bullish with oscillation; it is not suitable to chase highs directly. Entry should be chosen on a pullback to the 1.10‑1.108 support zone to stabilize before positioning long; on the upside, if it reaches the 1.145‑1.155 resistance area and shows signs of weakening, 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 bottoming 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 this central box, digesting chips, representing a consolidation and continuation phase in the upward process. Once the price breaks above and holds above the upper edge of the central zone, the rebound will continue; conversely, if it breaks below the lower edge, this recovery structure will be destroyed.
Wyckoff Volume-Price Observation
When rebounding from the bottom, volume significantly increased, indicating genuine bottom-fishing capital entering the market; after entering the central oscillation, overall volume began to contract, with neither bulls nor bears launching fierce attacks. During upward probes, volume follow-through was moderate without aggressive accumulation; during downward pullbacks, selling pressure was not heavy. This shows the market is in a chip exchange phase, with large funds still watching, and the short-term probability is to maintain box oscillation.
