First of all, look at this beatiful MA50-12H retests (white circles) which were all the time. It's just a good zones to try longs with a FIB strategy.
We see that SUSHI came in the resistance zone. 1.40-1.90 which is actually a HUGE RESISTANCE ZONE with A LARGE VOLUMES.
SO, If you want to buy it you need to calm down and wait for the moment.
Let's have a quick revivew what you can do:
(1) BTC
BTC 12H Is not looking good, I don't really like the candles but it still can pamp to 22 000 - 24 000 if the VOLUMES come, therefore sushi will go above 2.0 and this could be a break out BUY. The strategy for this would be just to move side by side with the market.
(2) Resistance Zone
Resistance Zone is too huge, try to enter by FIB or use MA50 on 12H at least (~1.50). Buy only with a retest or with a break out (see (1))
(3) Wait for the accumulation
For sure it can accumulate for an indefinite amount of time in this 1.40-1.90 zone (green arrow). Be patient and see if the volatility will decrease and enter using comfortable SL under the resistance.
GL
We see that SUSHI came in the resistance zone. 1.40-1.90 which is actually a HUGE RESISTANCE ZONE with A LARGE VOLUMES.
SO, If you want to buy it you need to calm down and wait for the moment.
Let's have a quick revivew what you can do:
(1) BTC
BTC 12H Is not looking good, I don't really like the candles but it still can pamp to 22 000 - 24 000 if the VOLUMES come, therefore sushi will go above 2.0 and this could be a break out BUY. The strategy for this would be just to move side by side with the market.
(2) Resistance Zone
Resistance Zone is too huge, try to enter by FIB or use MA50 on 12H at least (~1.50). Buy only with a retest or with a break out (see (1))
(3) Wait for the accumulation
For sure it can accumulate for an indefinite amount of time in this 1.40-1.90 zone (green arrow). Be patient and see if the volatility will decrease and enter using comfortable SL under the resistance.
GL
Trade closed: target reached
buy at 1.5 = ~20%
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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.