Sushi great risk/reward spot positionthis is more of mid term play rather than a day trading position.
i am setting orders to buy SUSHI between 1$ and 1.03$ and i plan on keeping it for a at least a few days and that is why i am going to make a spot position and not a leveraged futures position.
i will hold it even if it goes a little under.
technicallly it is time for sushi but also news are coming on the 26th.
also,if the third tap on the support is met,that is huge signal for a mid term buy.
i will keep it at least until price meets the red descending line of resistance or the resistance at 1.17
basically we want it to drop short term so we can buy,and then we need a slow and steady pump.
orange lines are resistance points in case you want to get out sooner.
SUSHIUST trade ideas
SUSHI usdt is one of my favoritesi will set an order to go long on sushi at 1.022$ at x3 leverage.
If this order is filled,i will set 3 take profit orders
1.067 4.5% (13.5%)
1.095 7.1% (21.3%)
1.124 10% (30%)
I will cut losses if 4Hour candle closes below 0.995
(i will update here)
This idea is supported by technical analysis
and this week Sushi will announce a new CEO.
also,for the time being BTC will probably bounce around 22k which means most alts will bounce as well
FOLLOW FOR MORE
SUSHI is in Demand zoneThis is another great 5-7x potential here and more
I doubt the bear market will be over till the next year, but if we get a good rally into EOY, I will be exiting at the targets mentioned on the chart (look for the green arrows).
Also i doe expect BTC to slice below $10k at some point next year
At the mean time all coins are staked and making some interest.
Sushi is good for LongSushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.
SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
Buy setup
Entry : 0.90 - 1.04
SL : 0.775
TP1: 1.07
TP1: 1.11
TP1: 1.16
TP1: 1.22
TP1: 1.3
TP1: 1.4
TP1: 1.55
TP1: 1.7
TP1: 1.9
TP1: 2.1
TP1: 2.35
TP1: 2.7
TP1: 3.1
TP1: 3.6
TP1: 4.1
TP1: 4.9
Spot or Future (1x, 2x, or 3x)
Run and keep it enjoy!
Follow me! Copy my trade! :)
TradeSetup_Reza
SUSHI - Bull/Bear scenario analysis
I have a bullish and a bearish scenario for SUSHI in my radar, and the trendline cross at around 1.4 holds the key to my next moves (orange circle).
A break above would trigger a buy signal for me.
If we stay inside the descending channel, we could have a long and boring ending diagonal for alternate Wave 5.
#SUSHI weekly reversal ideaHello dear Traders,
Here is my idea for #SUSHI
Price finds support at monthly pivot S1 line.
Wait for daily close above the yellow trigger line (previous month high) to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to ask any question in comments. I will try to answer all! Thank you
SUSHI BOUT TO BREAKTROUGH/BREAKDOWNSUSHI is on the edge of a resistance zone right now, a pretty strong one.
But the fact we keep seeing higher lows towards this is zone is a good sign for a breaktrough or breakdown from the trendline.
Now i could be wrong ofcourse but seeing the build up momentum i think we're going to retest the 1.180 level and after that 1.234 & 1.285.
Anywhere between 1.148 & 1.138 is a good entry
SUSHIUSDT: Good medium-term perspectiveHello, everyone.
Cryptocurrency prices continue to decline. And this is a great reason to keep a close eye on the dynamics of coins, because in the near future a rapid price recovery may begin.
I suggest to pay attention to SUSHI, where an excellent wave medium-term and local structure is forming.
I plan to actively buy the coin and wait for the price to recover to at least the $2 level.
SUSHIUSDTSUSHIUSDT Over the past period, the price has been in a downtrend. At the level of the strong support zone There may be a correction If the price does not break through the 0.605 support, there is a possibility of a reversal.
Waiting to buy the red zone, the first target 4.596 >> GooD Luck 😊
SUSHI/USDT: Mixed picture between 1,02 & 1,58---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
SUSHI/USDT: Mixed picture between 1,02 & 1,58
Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - However for SUSHI the volume on CEX and DEX are decreasing within the bearish pressure on going and the outlook is mixed on current level
- We are watching at 1,58 as Tactical resistance to re-integrate to provide a clear recovery signal
- Watch 1,02 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 1,58 & 2,35
Graphical Support = 1,02 & 0,70
- Mathematical Indicators:
EMA ( Exp Moving averages) are resistance = Bearish
RSI indicator (below) is now below 50% = Bearish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B hasn't been reached = 0,70
Fibonacci resistance of the wave in progress = 1,58
Fibonacci support of the wave (ii) = 1,02
Fibonacci Bullish Target = 2,35 / 3,08
Conclusion
Neutral between 1,02 & 1,58 - Only a clear break of those level will provide a clear directional view