The past few days have been great for the crypto market overall. BTC is up more than 10% since the visit to 29k and that too without any short-term dip or revisits, which is the exact kind of event that makes me wonder whether this pump is justified or not. The bulk of the buying was due to the buzz around the recent "The ₿ Word", which did not yield any...
SUSHI is currently forming a rising wedge that is, fundamentally, bearish in nature. Coupled with the fact that BTC's recent rapid recovery was more or less fuelled by "The ₿ Word" conference with high expectations (which were not met), SUSHI is looking bearish, at least in the short term. One might consider shorting it at the current level (I already have) and...