🔥$SUSHI /USDT - Bullish Momentum Continues🤔🔐👇
Current Price: $0.725
Timeframes Observed: 1H & 4H
📊 Chart Analysis
🔹 1H Timeframe:📊
$SUSHI has broken through short-term resistances and is consolidating just under a key supply zone (near $0.725–$0.78).
20 EMA support sits around $0.692, showing the price is riding above short-term trend support.
RSI is in the overbought zone at 73.66, suggesting strong bullish momentum but with possible short-term consolidation.
🔹 4H Timeframe:📊
Strong breakout candle confirmed, with price testing the upper wick of a previous resistance zone ($0.725+).
20 EMA support sits around $0.654, well below current price—signaling a steep bullish run.
RSI on 4H is extremely overbought at 82.93, indicating potential near-term exhaustion or cooling off before the next leg up.
🧠 Trade Setup – (Bullish Bias)🔥
✅ Entry (Pullback Buy): $0.695 – $0.705 zone
🎯 Targets:
• TP1: $0.745
• TP2: $0.778
• TP3: $0.800 (if breakout confirmed above red supply box)
🛑 Stop-loss: $0.672 (below 20 EMA & recent higher low)
📅 Trade Duration: Short-term (6–24 hours based on 1H–4H structure)
💡 Why Bullish?🤔🔥
$SUSHI Price is trading above all major EMAs (20, 50, 100) on both timeframes.
Clean breakout of previous resistance levels with volume.
RSI suggests strong momentum, though traders should monitor for potential RSI divergence or slowing price action near resistance.
🧠 Pro Tip:
Watch for price rejection near $0.745–$0.78 zone. If rejection candles form, partial profit-taking is advised and re-entry on retest of support is ideal.
"The market rewards patience and preparation. Trade the structure, not the hype."
🔻 This is not financial advice. Always DYOR and manage risk properly.
