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SUSHI / TetherUS

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SUSHIUSDT trade ideas

SUSHI/USDT possible movementsHey guys! Let's take a look at SUSHI/USDT pair. This coin has been going sideways for some time now and currently has reached another resistance zone where we see some struggles. Struggle to breakout from this zone so we have two possible movement here. First: We witness a massive volume from buyers which will result that breakout. Second: We go for a smaller sideways movement and have multiple rejections from that "blue line" until we breakdown from that zone to lower levels. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
18
SUSHIUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders, ' Today’s analysis – SUSHIUSDT- trading towards a key resistance zone where a rejection is possible Points to consider, - Price Action Corrective - Daily S/R Resistance - .618 Fibaoncci Resistance - Previous Consolidation Zone SUSHIUSDT’s immediate price action is trading towards a key resistance zone that is in confluence with the .618 Fibaoncci and two Daily S/R levels, this allows for a bearish bias. A change in market structure will be needs to confirm a trend reversals, this needs to occur at the previous consolidation zone. The immediate objective of this trade is the lower Weekly S/R It is important that one uses price action upon discretion/ management of this trade, invalidation is multiple candle closes above the last Daily S/R resistance. Thank you for following my work And remember, “Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Short
by The_Alchemist_Trader_
1