nagihatoum

Sushi wicked bulltrap

Short
nagihatoum Updated   
FTX:SUSHIUSD   Sushi
Unlike other alts, sushi pumped breaking out of it's descending channel. But this pump was driven by extremely negative funding, just like XRP prior to the airdrop. Now the result is a blow off top with a wicked rejection wick. Petty the poor souls who bought it. 4H bearish engulfing candle with a 1H bearish divergence.
Comment:
double top, looking weak.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.