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SUI this wave of correction is not simple, to put it plainly, it's a continuation of weakness after breaking the level. Looking at the 1-hour K-line, it surged to 1.8505 but lost momentum, then directly dropped down. Currently, the price is stuck at 1.8087, having broken below the MA5 (1.8101), MA10 (1.8098), and MA20 (1.8057), these support lines are being broken one after another.
Let's review the indicators again: RSI(6) is now at 50.5253, in a neutral slightly bearish position, with no bullish momentum. The MACD green bars have appeared, and DIF and DEA are still converging (DIF is -0.0016, DEA is -0.0025), which are signals favoring the bears. The key point is that the buying momentum from the bulls is particularly weak, and signs of large players offloading after selling are quite obvious.
The operational logic is as follows: the current price at 1.8087 can be directly shorted, with a stop-loss set above the previous high at 1.8505 to leave a safety cushion. The first bearish target is 1.7675 (the 24-hour low), and if it breaks, continue to watch the previous low at 1.7399.
Hold the trend order and do not move it, but for short-term trading, taking partial profits at support levels would be more prudent. Lastly, be alert to whether the main force is using the break level pattern to accelerate the downward push, which could quickly break through key support.