$SUSHI/USDT 2D (Binance Fut.) Descending triangle break & retest
Sushi Swap looks really bullish on macro view and we expect to resume the bull-trend soon!
Also you can earn rewards staking on sushi.com so we expect demand to keep growing.
Current Price= 10.278
Buy Entry = 10.294 - 9.394
Take Profit= 13.618 | 19.872 | 26.854
Stop Loss= 7.953
Risk/Reward= 1:2 | 1:5.3 | 1:9
Expected Profit= +38.34% | +101.87% | +172.80%
Possible Loss= -19.21%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 3.5 months
Also you can earn rewards staking on sushi.com so we expect demand to keep growing.
Current Price= 10.278
Buy Entry = 10.294 - 9.394
Take Profit= 13.618 | 19.872 | 26.854
Stop Loss= 7.953
Risk/Reward= 1:2 | 1:5.3 | 1:9
Expected Profit= +38.34% | +101.87% | +172.80%
Possible Loss= -19.21%
Fib. Retracement= 0.786 | 1.272 | 1.764
Margin Leverage= 1x
Estimated Gain-time= 3.5 months
Trade active
First entry filled.EDIT:
Fib. Retracement= 0.618 | 0.883 | 1.117
Note
SushiSwap bounced back very nicely with up to +25.47% profit, great way to start!Trade closed: target reached
TP1 reached with +38.34% (1x) and +2RWhat a bullish move for SushiSwap, up to +54.62% without leverage, SL adjusted to lowest entry (9.394$).
Note
Back to Break-Even (BE)Sushi Swap has been stopped at 2nd entry with -4.57% loss but set-up remains valid.
If you are still in, you can stick to original SL, if you are out, wait for 100EMA to be regained (~10.35$)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.