Sushi great risk/reward spot position
Updated
this is more of mid term play rather than a day trading position.
i am setting orders to buy SUSHI between 1$ and 1.03$ and i plan on keeping it for a at least a few days and that is why i am going to make a spot position and not a leveraged futures position.
i will hold it even if it goes a little under.
technicallly it is time for sushi but also news are coming on the 26th.
also,if the third tap on the support is met,that is huge signal for a mid term buy.
i will keep it at least until price meets the red descending line of resistance or the resistance at 1.17
basically we want it to drop short term so we can buy,and then we need a slow and steady pump.
orange lines are resistance points in case you want to get out sooner.
i am setting orders to buy SUSHI between 1$ and 1.03$ and i plan on keeping it for a at least a few days and that is why i am going to make a spot position and not a leveraged futures position.
i will hold it even if it goes a little under.
technicallly it is time for sushi but also news are coming on the 26th.
also,if the third tap on the support is met,that is huge signal for a mid term buy.
i will keep it at least until price meets the red descending line of resistance or the resistance at 1.17
basically we want it to drop short term so we can buy,and then we need a slow and steady pump.
orange lines are resistance points in case you want to get out sooner.
Note
entry price was reachedNote
persoaly i entered at 1.014first take profit for me for 33% of position will be 1.078
holding the rest for now
Trade closed: target reached
target 1 was smashed.second target for another 33% of the position is 1,14%
Trade closed: target reached
closing the rest of the position here at 1.137great profit from this trade.
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