SUSHI - Still Bullish! (As you asked)SUSHI is going through some correction but it's still in the bullish channel.
There are both Fib and Dynamic supports on the way down (around the area on the chart).
If you're into opening long positions, wait for the price to cross the resistance area and then after the first confirmation, you can open your positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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SUSHIBTC
Sushi to $30 in month .. don't panic sell
$SUSHI currently trading at $14.95
bounced back from Support level .
So I am buying SUSHI
✅ Buy: 14.5 - 16 ✅
🎯TARGETS:
1- $18.95 (27.71%)
2- $23.10 (56.33%)
3- $30.00 (102.0%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below 11.31
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SUSHI/USDT 100% potential from here so what next move#SUSHI/USDT TA Update:1
$SUSHI currently trading at $16.10
And Trading and bounced back from Support level.
So I am accumulating $SUSHI
Entry:- $15-$16.15
Targets:- $19.08/$23.31/$29.59
Stop Loss:- Now $14
But if Tight stop loss then Any candle close below $14 then I will close position.
Support:- $14.7
Resistance:- $19.8/$23.31/$29.59
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Sushi (SUSHIBTC) – Potential 87% gains BUY: 0.000342 – 0.000355
TARGETS:
1) 0.000446
2) 0.000544
3) 0.000640
STOP: 0.0003 (when a 4h candle closes below this price)
Rationale:
-Price has been forming a pennant for the last 39 days and is holding above the 100 EMA which has been a strong resistance throughout the uptrend.
-Price broke above the purple diagonal trendline and has re-tested it, turning it to support.
-After bouncing from the trendline it touched the top of the pennant, and price fell back to the closest support level. This is our buy zone.
-We remain bullish as long as price stays above the lower boundary of the pennant. If price breaks below the lower boundary of the pennant it will re-test the purple trendline.
-If the purple trendline breaks, this idea is invalidated, hence the stop is below the trendline.
Your risk, your reward. This is not financial advice.
Happy trading.