SUSHIUSDT trade ideas
SushiSwap (SUSHI) Buy ZoneSushiSwap (SUSHI) Buy Zone
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BIAS
Mid-Term : Bullish
SUSHI formed bull flag in 1 day time frame and currently retesting below it and we might see a further drop toward the marked support level which is around $5.3
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$SUSHI/USDT SPOT SETUP
Entry Price : 5.05 - 5.4
TP 1 : 5.63
TP 2 : 5.98
TP 3 : 6.8
TP 4 : 7.184
TP 5 : 8.07
TP 6 : 8.482
TP 7 : 9.174
Stop Loss : 4.321
*Stop Loss - SUSHI daily close below 4.321
*Maximum 5% of Portfolio.
*Whenever TP 2 hits, Move stop loss to entry.
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Sushi Can Grow 150%+ vs TetherWe can see the classic "cup pattern" on the SUSHIUSDT chart, this can signal that the trend is about to reverse.
As you can see on the left side, each time this bottom pattern shows up prices tend to grow.
We also have a broken downtrend as we all as increasing volume and bullish indicators (strong RSI).
All these signals support higher prices.
Note: There can be a retrace before higher prices as it happens with the cup & handle pattern.
The targets are marked on the chart.
This is not financial advice.
Namaste.
SUSHIUSDT is creating a pennantSUSHIUSDT is creating a pennant below the weekly resistance.
We need to watch two key levels and wait for the breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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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 -> <4h structure.
SUSHI - is going to break this trendline 👀SUSHI has been in a local downtrend for a long time. We now see the price in a trading range between $5 and $6.3 levels. It is very likely that big players are accumulating their positions here. The large volume at the bottom signals this as well. A breakdown of the trend line could be a good buying opportunity. In case the big value area is broken, there could be a trend reversal.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
It Will Be Historical Move Of SushiSwap (SUSHI)Hi friends, hope you are well and welcome to the new update on SushiSwap (SUSHI).
broke out with bullish divergence:
On a daily time frame, the priceline of Sushi has broken out down channel with bullish divergence.
Big bullish Gartley:
On a weekly time frame, SUSHI has formed a bullish Gartley pattern.
In order to trade this pattern the targets can be as below:
Buy between: $8.04 to $5.96
Sell between: $11.16 to $14.45
Stop loss:
Stop loss can be set below the maximum extent of buying zone which is $5.96
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 142% and a loss possibility is 26%.
Big falling wedge:
On the same weekly time frame the priceline is also rising from the support of a big falling wedge pattern. The big bullish reversal Gartley move can become a big coz of breaking out this falling wedge and in case of breakout, wedge Sushi can start a massive rally for the long term.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
SUSHIUSDT ANALYSISAs you can see Engineering Robo is currently bearish on SUSHI
If you are interested in putting 1,000$ into SUSHI
Buy 20% at support
Buy 30% when candle open / close above downtrend line
Buy 50% when Robo turns bullish
Take some profit at resistance! (>50% increase from local support)
Be cautious!
If the candle open / closes below the support, No need to hold SUSHI
we can easily expect a 50% DROP In this case
Sell if candle open / close below support (even with some loss)
WAIT FOR MORE BEARISH WAVES TO RIDE THE BULLISH IMPULSE🌊✅PREVIOUSLY ON SUSHI
After 23.43, we are having the zigzag long corrective waves.
✅ WHERE WE ARE
We wanna buy as low as possible. if 16.2 is B, we will have the bullish impulse after 5 waves from B.
It seems like the good zone to be bullish around 3.35
💡0...0(BUY)
↗️5waves(impulse)
💡1...15.97(SELL)
↘️simple short 1wave(correction)
💡2...0.472(BUY)
↗️5waves(impulse)
💡3...23.43(SELL)
↘️Zig zag long 3waves(correction)*Rule of alternation
💡4...around 3.35?(BUY)<We should wait for this
↗️5waves(impulse)
💡5...*(SELL)
*As long as * remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
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SUSHI Long position, good R:R entry with potential futureSUSHI long position added in the dip yesterday at 5.38 leveraged long.
This looks a great area to add SUSHI for a long term hold. Wonderland.fi project is looking to acquire SUSHI which will bring huge volume of trading to the company.
Technically - SUSHI has fallen to solid resistance and buys below 5.5 offer a good R:R.
This chart abides by 2 of my main long term rules.
1. Buy when below the 100 and 200 SMA. - I've drawn around these areas on the chart, always offering a good R:R.
2. Buy at the bottom of resistances, not at the top of supports.