$SUSHI
/TetherUS and are looking for a professional analysis report, including entry, target, and stop-loss levels, based on a bearish pattern.
Here's an analysis:
SUSHI/TetherUS - Bearish Reversal in Progress
The chart indicates a potential bearish reversal following a significant upward move. The recent price action suggests a "bearish engulfing" or "dark cloud cover" pattern forming after the peak, signaling a shift in momentum.
* Entry Level: Consider entry around 0.624 - 0.626 USDT, confirming the breakdown from the recent support.
* Target Level: A conservative target could be 0.611 USDT, aligning with previous support levels.
* Stop Loss: Place a strict stop loss above the recent high, around 0.634 USDT, to manage risk effectively.
The pattern and subsequent price action strongly suggest a bearish continuation in the short term. However, always exercise caution and consider broader market trends.