🔥 SUSHI Reversal From Channel Resistance
Updated
Over the last couple of days, SUSHI has seen another run towards the upper reistance of the channel. As it appears as of now, the resistance didn't give in and the price shot downwards again.
Since SUSHI has been in a channel for 6 weeks now, there's a big chance that SUSHI will continue to show some bearish pressure towards the lower support of the channel.
Before entering this trade wait for the price to below the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of support , S1 and S2. These areas are based on recent swing lows. Do your own due diligence.
Happy trading!
Since SUSHI has been in a channel for 6 weeks now, there's a big chance that SUSHI will continue to show some bearish pressure towards the lower support of the channel.
Before entering this trade wait for the price to below the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of support , S1 and S2. These areas are based on recent swing lows. Do your own due diligence.
Happy trading!
Note
Doesn't let me edit the trade anymore. It's a SHORT trade, not a long one.Trade closed manually
Closed at +2.6%, bullish price action
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