SUSHI: DOUBLE OR NOTHING.
With the latest news on Sushi related to all staking fees on the Sushi platform being redirected to the project’s treasury for a year, the project leader Jared Grey has taken a bold step forward. Chart-wise, there hasn't been a lot happening recently. Things could take a quick turn as the words are put into action.
Sushi is close to the support level with the current price of $1.18. In the worst-case scenario, it should not drop more the $1 rather it should bounce back doubling the price ($2.3).
Key points:
1. Support level: $1 to $1.13.
2. Target: $2.3.
3. Invalidation point: Breakdown and close below $1.
That's it from my end. I'll see you in my next update.
Trade safely.
Sushi is close to the support level with the current price of $1.18. In the worst-case scenario, it should not drop more the $1 rather it should bounce back doubling the price ($2.3).
Key points:
1. Support level: $1 to $1.13.
2. Target: $2.3.
3. Invalidation point: Breakdown and close below $1.
That's it from my end. I'll see you in my next update.
Trade safely.
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