Sushi has ben on the roll recently, with strong bullish pressure making its price reach its multi-month high.
On the 4H time frame SUSHI is forming a bearish divergence with higher highs on the price and lower high on both MACD and RSI.
RSI its losing momentum at the moment of the writing, while still sitting in overbought territory.
I would open a short at these price, with target price at the demand zone at around $1.2. Remember that buying pressure is still very high as highlighted by the volume levels, thus play safely.
On the 4H time frame SUSHI is forming a bearish divergence with higher highs on the price and lower high on both MACD and RSI.
RSI its losing momentum at the moment of the writing, while still sitting in overbought territory.
I would open a short at these price, with target price at the demand zone at around $1.2. Remember that buying pressure is still very high as highlighted by the volume levels, thus play safely.
Trade closed manually
Trade closed at profit, not substantial
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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.