Yello Paradisers! Have you been watching #SUSHIUSDT? If not, now’s the time to pay attention. #SushiSwap is approaching a critical point that could spark a bullish breakout:
💎#SUSHI has completed a classic 5-wave impulsive structure, with Wave 5 peaking at around $2.80. What followed is an A-B-C corrective wave, bringing #SUSHI down to its current levels. Right now, we’re seeing Wave C testing the descending support near $0.92. The key question: Will this be the end of the correction, or is there more downside ahead?
💎For the bulls to regain control, #SUSHIUSD needs to break above the $1.356 resistance. A solid breakout here could trigger a rally towards $1.80, and if momentum holds, a push into the strong resistance zone between $2.60 and $2.80. However, if #SUSHI fails to clear this hurdle, expect more sideways action or even a retest of lower levels.
💎On the downside, we have strong support at $0.70. This strong support has held many times more and we believe buyers will setup in to defend this level. The next line of defense for the bulls is present at $0.60.
💎If a candle closes below this level, the bullish setup is invalidated, and we could see a sharp decline towards $0.40 or even lower. This would mark a failure of the corrective structure, leading to a deeper bearish trend.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#SUSHI has completed a classic 5-wave impulsive structure, with Wave 5 peaking at around $2.80. What followed is an A-B-C corrective wave, bringing #SUSHI down to its current levels. Right now, we’re seeing Wave C testing the descending support near $0.92. The key question: Will this be the end of the correction, or is there more downside ahead?
💎For the bulls to regain control, #SUSHIUSD needs to break above the $1.356 resistance. A solid breakout here could trigger a rally towards $1.80, and if momentum holds, a push into the strong resistance zone between $2.60 and $2.80. However, if #SUSHI fails to clear this hurdle, expect more sideways action or even a retest of lower levels.
💎On the downside, we have strong support at $0.70. This strong support has held many times more and we believe buyers will setup in to defend this level. The next line of defense for the bulls is present at $0.60.
💎If a candle closes below this level, the bullish setup is invalidated, and we could see a sharp decline towards $0.40 or even lower. This would mark a failure of the corrective structure, leading to a deeper bearish trend.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.