SUSHI/USDT - 1D
💰 Price: 0.968 USDT
📊 Volume: 8.68M SUSHI (high volume, but down 5%, possible distribution).
📌 Indicators:
- RSI (14): 73.72 → 📉 Overbought, but decreasing from dangerous zone (90.39 MFI).
- MACD: Bullish crossover, but histogram decreasing → bullish momentum weakening.
- BBands: Price touching upper band (1.034), possible rejection zone.
- SMA50: Price far above (0.718), bullish trend but with high RSI.
- Ichimoku: Bullish cloud, but price close to Tenkan (0.837) → nearby support.
- VPVR: Highest volume at 0.80-0.90, key zone for support.
📊 Analysis:
- Trend: 📈 Bullish, but with signs of exhaustion (high RSI/MFI + TD Sequential 8/9).
- Volatility: High (ATR 0.0845), sharp movements likely.
- Patterns: 5% drop today with volume, possible start of correction.
- Supports: 0.90 (psychological), 0.837 (Tenkan), 0.80 (VPVR and Kijun).
- Resistances: 1.025 (daily high), 1.034 (upper BB), 1.10 (previous high).
🎯 Strategy:
- Scenario 1 (Healthy correction): Wait for a pullback to 0.837-0.85 with low volume to buy. TP at 0.98-1.02, SL at 0.80.
- Scenario 2 (Bullish breakout): If it breaks 1.034 with high volume, enter with TP at 1.10 and SL at 0.98.
🔍 Observations:
- 🚨 Caution: RSI and MFI at critical levels + 5% drop today → high risk of correction.
- 📉 If it loses 0.90, the next strong support is at 0.80 (VPVR accumulation zone).
- 💡 Better to wait for confirmation: If it bounces at 0.837 with low volume, it’s a safer entry.
Cryptocurrency trading carries a high risk. (DYOR)
😎☕️
