Hello everyone!
A huge opportunity has emerged on the
SUSHIUSDT chart. I’ll break down the technical analysis for SUSHI using both the Daily and 4H timeframes, highlighting key levels and potential trade setups.
On 1D timeframe
- Price has swept the liquidity below the November 2024 low, forming an inverse Head and Shoulders pattern, which is a strong bullish reversal signal.
- Price recently broke did the May high after that retraced approximately 24%. This pullback aligned perfectly with a retest of the neckline from the inverse Head and Shoulders pattern, reinforcing its validity as a bullish setup.
On 4H timeframe
- If price breaks above $0.775, it would serve as a confirmation of bullish momentum, suggesting a likely move toward the liquidity zone above $1.00.
- In my opinion, if market conditions remain bullish and Bitcoin continues its upward trend, SUSHI is likely to break above the $1.00 level with ease and potentially reach the inverse Head and Shoulders target around $1.20+.
In conclusion, SUSHI is currently showing strong bullish signals, and if the broader market gives altcoins room to run, this token has the potential to rally aggressively.
Note: SUSHI is a low-cap token with high volatility, so exercise proper risk management when trading or investing.
A huge opportunity has emerged on the
SUSHIUSDT chart. I’ll break down the technical analysis for SUSHI using both the Daily and 4H timeframes, highlighting key levels and potential trade setups.On 1D timeframe
- Price has swept the liquidity below the November 2024 low, forming an inverse Head and Shoulders pattern, which is a strong bullish reversal signal.
- Price recently broke did the May high after that retraced approximately 24%. This pullback aligned perfectly with a retest of the neckline from the inverse Head and Shoulders pattern, reinforcing its validity as a bullish setup.
On 4H timeframe
- If price breaks above $0.775, it would serve as a confirmation of bullish momentum, suggesting a likely move toward the liquidity zone above $1.00.
- In my opinion, if market conditions remain bullish and Bitcoin continues its upward trend, SUSHI is likely to break above the $1.00 level with ease and potentially reach the inverse Head and Shoulders target around $1.20+.
In conclusion, SUSHI is currently showing strong bullish signals, and if the broader market gives altcoins room to run, this token has the potential to rally aggressively.
Note: SUSHI is a low-cap token with high volatility, so exercise proper risk management when trading or investing.
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.
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.