SUSHIUSDT trade ideas
Sushi's $SUSHI Channel of decision!SUSHI CRYPTOCAP:SUSHI 's price action is in a channel of possibilities
CRYPTOCAP:SUSHI Price action can continue in it downward trend as price breaks below the channel for supports 0.54 down to 0.46
Price could continue in it's channel then break out for higher prices 0.6, 0.65,0.7, 0.75
Current price: 0.58
SUSHIUSDT (1H) - Bearish breakoutHi Traders
SUSHIUSDT (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.5800 support level. Only the upward break of 0.6010 would cancel the bearish scenario.
Trade details
Entry: 0.5800
Stop loss: 0.6010
Take profit 1: 0.5670
Take profit 2: 0.5460
Score: 6
Strategy: Bearish breakout
Sushi longI think Sushi from now will start climbing.
If October, will be Uptober we will soon see a very good entry point for Sushi...
If Sushi breaks the trendline and we see some confirmation and some volume coming in - I think it could be a good time for a buy.
I see Sushi at 0.8 (about 30% profit) as the next target.
I think a 1:1 risk/reward ratio play look good for a spot trade. Even leverage on small time frame could be great play if Sushi pops and get some momentum from breaking the trendline.
$Sushi in Ascending TriangleCRYPTOCAP:SUSHI price action making higher lows in its Ascending Triangle
Current Price: $0.67
If #sushi is able to break the horizontal resistance around 0.7
Then Up resistances: 0.75, 0.79, 0.85, 0.9 are possible.
Else if CRYPTOCAP:SUSHI finds rejection at horizontal then retest of lower supports will happen.
Lower supports: 0.65, 0.59
sushiusdt-mentoringsushiusdt speculative view
made a full retracement on weekly.
trading at the lows and currently if holds its a HH
and now looks very good RR on weekly
look for short if rejects from 621
look for long if retrace from 578
look for small longs untill 621
look for short if close under 586
look for long if close above 638
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Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles- F.M.dostoyevsky
Entry Long Sushi 4H Long CRYPTOCAP:SUSHI 4H
BINANCE:SUSHIUSDT
Analysis:
The 10-day exponential moving average (EMA) is above the price , which is a sign of bullish momentum.
The Fibonacci extension and volume interest zones suggest that there are potential resistance levels at which the price could reverse its upward trend.
A large stop-loss is recommended to account for the volatility of the cryptocurrency market.
SUSHI/USDT falling wedge Breakout? 👀 🚀 SUSHI Today Analysis
💎 Paradisers, get ready for an exciting opportunity with SUSHIUSDT! The asset is currently holding a crucial support level and is primed for a bullish trajectory👀
💎 On a High Time Frame (HTF), we're close to witnessing a breakout from a falling wedge pattern. If this occurs, expect a powerful bullish surge.
💎 We're looking at two key scenarios: one involves resistance at the 0.832 level, and the other focuses on a supply zone at the 1.200 level. Anticipate price rejection at these levels as you navigate your trading strategy.
Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Sushi Getting Ready For Massive Recovery Seems Like Has Already Bottomed Out And Getting Ready For Massive Recovery
Formed Falling Wedge In 3 Days Timeframe In case Of Breakout Expecting Massive Bullish Rally
Expecting Move Towards 3$ In Midterm
Wait For Conformed Breakout Without Breakout Do Not Take any Entry
SUSHI and good positionAs you can see from the chart and one-hour time frame:
1. We have reached the good area of the buy order block
2. The conflict of the price with the downward trend line has increased and it is more likely to be broken
3. We have price divergence and RSI indicator
4. The RSI indicator has approached the oversold zone
5. It is placed on a good support range
6. In the visible valley we clearly see the hammer candle
All of the above can indicate a good position for a long position.
#personal opinion
Good luck and profitable
SUSHIUSDT new bear leg is coming?SUSHIUSDT appears to have formed an "M" pattern, which is often considered a bearish reversal pattern. In this pattern, there are two peaks, forming the letter "M," with a neckline connecting the two troughs.
As per Plancton's trading principles, a potential bearish scenario could be as follows:
Neckline Test: The price has tested the neckline, which is around the $0.6 area. This is not only a technical level but also a psychological one, as you mentioned. A breach below this level could be a significant signal.
Break of Support: If the price manages to break below the $0.580 support level, it could indicate a shift in market sentiment towards the bearish side. Breaking this support level is often seen as a confirmation of the bearish pattern.
Price Target: The next potential target, as per your description and Plancton's rules, could be around $0.54. This is often calculated by measuring the height of the M pattern from the neckline to the highest peak and then projecting it downward from the breakout point. In this case, it suggests a potential move to the downside.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
🔥 SUSHI'S Best Trade You Will Make This YearSUSHI has found very strong support at the 2020 lows a couple of weeks ago. Since then, SUSHI has been seeing strong gains.
This trade is based on the idea that SUSHI's bear market low is in and that we will generally only go up for the foreseeable future.
I'm expecting a minor correction over the coming weeks, hence the entry at 0.7, stop below the May lows, target at 23$.
This is a long-term trade and can take another 2 years to hit the profit target. Nevertheless, a risk-reward of >100 is incredible and can lead to some serious gains.
Finally breaking out since more than 21 months..!🔸Breaking out the falling wedge in weekly chart meaning sushi aimed great targets.
specifically after this long time accumulation (21 months).
🔸Sushi need to clear 0.618 fib level , successfull retest after that we can see sushi hit 3$
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