$SUSHI Technical Analysis & Trade Strategy๐ค
๐ I Told You, and Again Iโm Saying: Trade Now! ๐ฏ
Current Overview:
๐น Price: $2.17 (+16.23% 24h change)
๐น 24h High: $2.179
๐น 24h Low: $1.812
Key Technical Indicators
๐ MA (13.63%): Short-term moving average suggests bullish momentum.
๐ EMA (67.00% - 7-day): Prices consistently above EMA signal strong upward momentum.
Trade Strategy
๐ฏ Target Levels:
1๏ธโฃ Target 1: $2.25
Analysis: Immediate resistance breakout likely if SUSHI surpasses $2.179.
Action:
Place a limit buy order around $2.18.
Confirm breakout with price action above $2.20.
2๏ธโฃ Target 2: $2.35
Analysis: Psychological resistance level based on historical price action.
Action:
Scale in additional buys if price moves towards $2.35.
Set a stop loss below $2.18 to mitigate risk.
3๏ธโฃ Target 3: $2.50
Analysis: Long-term potential resistance and strong psychological level.
Action:
Take partial profits at this level.
Monitor for trend reversals.
Stop Loss Strategy
Initial Stop Loss: $2.00
Below the recent low. Exit or scale out if this level is breached.
Trade Execution & Monitoring
๐ต Entry Point:
Buy between $2.17โ$2.18 for a tighter entry.
Alternatively, wait for confirmation above $2.20 for a breakout entry.
๐ข Exit Points:
Take profits incrementally at $2.25, $2.35, and $2.50 based on your risk tolerance.
โ๏ธ Risk-to-Reward Ratio: Aim for a minimum 1:2 ratio (risk $1 for every $2 in potential reward).
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Monitor the Following:
๐ Volume Spikes: Confirm trend strength with increasing volume.
๐ MACD Crossovers: Watch for any bearish crossover as an early reversal signal.
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Stay disciplined, act fast, and seize the moment!