SUSHI wait for entry
SUSHI forms a "Bump-and-Run Reversal Bottom" pattern. Prices are about to break the trendline resistance.
If breakout happens, trade is activated with TPs (blue lines) and SL (red line) mentionned in chart.
For long-term investment, I've posted an analysis some months agos (see link below).
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Note
SUSHI moves is not straight but it tries to break the important resistance (dashed line around $1.28), possibly this week. If successful, the next moves would be easier.Trade closed: stop reached
SL hit for this trade after a huge sell of due to a report on delay of ETH approval, pure manipulation in my opinion. Spot buy is however not impacted
Related publications
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.
Related publications
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.