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SUSHI / UST

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SUSHIUST trade ideas

The end of sushi ??The market's current outlook for SushiSwap (Sushi) is on the verge of a potential liquidity grab within the 0.50-0.59 price level range. In other words, the market is poised to trigger a selling or buying spree within this range, which could lead to a significant price movement in the near future. The chart for SushiSwap currently exhibits a very unappealing trend, leaning toward the bearish side. This suggests that the market sentiment is pessimistic, with more investors betting on the price to fall rather than rise. Bearish trends are typically characterized by lower highs and lower lows, indicating a downtrend in the price. This condition is not favorable for those who are long on the cryptocurrency. However, it's important to remember that these trends don't immediately translate into action. The market still awaits the breakdown of this bearish pattern. A breakdown occurs when the price of an asset falls below a support level, often a significant psychological level, confirming the bearish trend. This is a critical phase as it provides a more solid foundation for a bearish market prediction. Once this bearish pattern is confirmed with a breakdown, that's when we might consider a more aggressive short position. Shorting, or betting that the price will go down, can be a risky strategy, but it can also be profitable if the market continues in the anticipated direction. In this context, we have set three target prices (TP) which are points where we may consider closing our positions to capture profits or limit losses. The first target price (TP1) is at 0.70, indicating that if the price were to rebound to this level, we might consider closing our positions. This would protect against the risk of the market reversing its bearish trend. The second target price (TP2) is at 0.59. This is in line with the initial range we discussed, and if the price hits this level, it's a sign that the market is moving as expected, and we could consider taking some profit off the table. Lastly, the third target price (TP3) is at 0.49. If the price reaches this level, it would be a strong indication that the bearish trend is fully in play. At this point, we could consider closing the rest of our short positions to capture the maximum potential profit from this trade. But again, it's critical to monitor the market conditions closely and adjust strategies as needed.
by Bitsleader
2
SUSHI at interesting prices SUSHI has been consolidating for 10 months, quite a long period for a crypto. It seems that this is an accumulation process following Wyckoff method. CMF values are also in a triangle. Break-out would accelerate prices to upper side. In my opinion, we can DCA here to around $0.95 and hold for few weeks (or months if needed), waiting to sell at the upper ranges (around $2) with interesting R:R=5:1. Invalidation: Weekly close below the longterm trenline (low-range continuous black line) Stoploss: below $0.856 What do you think about SUSHI and about this analysis?
Long
by evasivesteering
6
Composite Man eats SUSHI for breakfastWhile BTC is up 40% from it's low, SUSHI tanked so low that taking a long trade from here gives you 2.61 in the worst case scenario if it finds resistance at Point Of Control around $1.047. The logic of this trade based on the idea that BTC will continue going relatively flat giving time ALTs for "Pump & Dump" scenario, so CM will be able to make money to buy a new ferrari. Considering that the risk is so low and we are extremely low even at the 1D/2D/4D timeframes I guess this risk worth to be taken.
Long
by ijustcoin
Sushiswap is a promising project for a bull cycleSushiswap , a decentralized exchange that appeared in the first era of DeFi sector development, is a fork of Uniswap. The project has gained popularity through the release of its native SUSHI token and the attraction of active Uniswap users. In early May, Sushiswap launched the ability to launch concentrated liquidity pools (CLP) that offer a number of advantages over traditional liquidity pools. Some of the benefits of CLPs are: Increased profitability for pool participants: in a CLP, liquidity is concentrated around a certain price range, allowing participants to get more profitability when trading tokens. Reduced gas costs: In a CLP, transactions can be executed faster and with lower gas costs because the prices of tokens in the pool remain stable. Greater efficiency: CLPs allow you to create pools of liquidity with greater efficiency because participants can get more return for their liquidity than in traditional pools. Faster and cheaper trading: due to a higher concentration of liquidity, trading tokens in a CLP can be faster and cheaper, providing a better trading environment. Due to this and Sushiswap's strategy of spreading to as many networks as possible, this could potentially increase the project's impact on the DEX segment. Sushiswap is currently the closest competitor to Uniswap in the key metrics of Price/Fees and Price/Earnings, which shows the soundness of the product and business. If we look at Sushiswap in terms of technical analysis and charts, we see that Sushi is currently trading in the price range of November 2020, if we look at the SUSHI/ETH pair which shows us the ratio of the asset to ETH, we see that since March 2021, Sushi has been in a long downtrend and has been losing the dominance for 2 years now at the lowest level. If we are sure that the current price movement is bullish and we came out of the bearish cycle, from the analysis of previous bullish cycles, we can set the basic levels for taking positions in SUSHI and expect the start of the alt season, when the project should show positive dynamics and win back the dominance lost from ETH. As a rule of thumb, a full-fledged alt-season begins at the end of a bull cycle about 600 days after the exit from a bear market. So readers, you definitely have time to read this article, DYOR and prepare for this stage as much as possible.
by Samura0x
11
SUSHI : Over 361 days of support, the DCA strategy can look goodDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Long
by TraderBibres2003