🌟🔍 SushiSwap (SUSHI) in a Prolonged Accumulation Phase 🍣🔐
📊 SUSHI's Accumulation Box: SUSHI has been in a 610-day accumulation box, with a notable exit and subsequent return to the box, indicating strong interest from traders and investors in purchasing at these levels.
📈 Volume Surge on Return: The return to the accumulation box was marked by significant volume, underscoring the buying interest in SUSHI.
🛒 Long-Term Holding Strategy: For long-term holders, buying after $1.568 seems favorable. However, it's advised to use a wide stop loss to remain in the position comfortably.
🛑 Stop Loss Recommendation: A stop loss below $0.922 is recommended. This might seem large, but it's crucial to consider the overall risk management strategy.
🔍 Futures Trading: For those interested in futures and looking for long positions, considering entry after $1.370 could be strategic.
🚫 Risk Management in Futures: Comparing the stop loss in spot trading with futures, a 2.5% stop loss with 20x leverage in futures equates to a significant risk. Hence, the notion of a 'large' stop loss in spot trading should be reconsidered.
📉 Accumulation Box Breakout: When constructing a digital asset portfolio, waiting for a weekly breakout of these significant accumulation boxes is often a prudent strategy.
📣 What's your view on SUSHI's current accumulation phase and breakout potential? Are you planning to hold, trade, or wait for further signals? Share your strategies and insights! 💬🌐 #SUSHICoin #CryptoStrategy #TradeCityPro
📚 Remember: The crypto market's inherent volatility demands careful planning and risk assessment. Ensure your investment decisions align with your financial goals and risk tolerance. 🧠💼
