SUSHI / TetherUS
Long
Updated

SUSHIUSD $SUSHI path to $23

Long here for the ride to $23, Uniswap V3 failed to impress so expecting Sushi fundamentals to stay strong and for the chart to fractal if the trend holds.
Trade active
Chart is trashed if it drops below 12.5 or hits $23 any sooner than this. Any other action and I'm staying long.
Note
Some whipsaw in BTC after the DOGE implosion is shaking things up a bit, chart is still good from here, support held at 14. Moving my stop up to 13.5, general market weakness is casting a shadow on this play.
Order cancelled
Out at 13.5, will look to re-enter if it breaks above 15 and holds a new trend, otherwise chart is wrecked.
Trade active
I like how this recovered with strength, re-opening a small position here at 15.
Note
And we have a breakout, looking for it to consolidate in this region (16-17) for a few bars then continue.
Note
Good so far, holding the consolidation zone.
Trade closed: stop reached
Stop loss hit, moved funds into ETH to recover some lost value when it bounces.

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