$SUSHI 's personal opinion: Short-term bullish, but don't chase the highs!
Let's analyze it in detail:
SUSHI is currently priced at 0.5540 USDT, up 10.58% in the last 24 hours. On the surface, it looks okay, but a closer look reveals some weakness. Although the price has risen above the 25-day moving average of 0.5557, it's being suppressed by the 7-day moving average of 0.5653, and hasn't even touched the Bollinger Band middle line of 0.6292, indicating a weak rebound. More worryingly, the OBV (On-Balance Volume) indicator is negative (-1.51 million), suggesting large funds are exiting, and the price and volume are not synchronized—this upward momentum is somewhat weak.
Key levels to watch:
- Resistance levels: 0.5653 (7-day moving average), 0.6009 (Upper Bollinger Band)
- Support levels: 0.5363 (Lower Bollinger Band), 0.4938 (Previous low)
Trading suggestions:
If you want to try for a rebound, wait for a pullback to around 0.5363 and if it holds, then consider a small long position with a target around 0.5653. If it breaks through the 0.6009 resistance with a strong move, you can add a small position, but don't exceed 10% of your capital. Never go all in at the current price; this kind of upward movement without sufficient volume is prone to a sharp drop. A stop-loss order must be placed if it falls below 0.5363.
(Note: The news of "Binance adjusting collateral ratios" is a minor positive, but the key technical indicator is the divergence between price and volume. It's better to miss an opportunity than to make a mistake.)
