$SUSHI Ready for a Controlled Breakout ๐ฅ
Current Price: $0.768
Timeframes Analyzed: 1H ๐ | 1D ๐
Trend Bias: Cautiously Bullish ๐ข
24H Change: +3.64%
๐ Current Candle & Pattern Analysis
๐น 1H Chart:
Formed a mini base near $0.752, successfully defended by bulls.
Latest candles are consolidating in a tight bull flag pattern.
Trading slightly above 50 EMA & hugging the mid-Bollinger band โ a typical launch zone for impulsive moves.
Momentum indicators (RSI 51.83, MACD) are flat but stabilizing after pullback โ bullish continuation possible above $0.770.
๐ 1D Chart:
Printed a strong bullish engulfing candle, closing above the previous 4-day range.
Mid-Bollinger band at $0.763 now acting as a support zone.
RSI is gently sloping upward, indicating early trend recovery.
If this holds, next test zone is $0.806, followed by $0.820.
๐ง Best Trading Strategy Plan
๐ฏ Strategy Name: "Base Reclaim Breakout"
๐ Entry Zone: $0.760โ$0.765
๐ Stop Loss: $0.747 (below structure base)
๐ฏ Targets:
TP1: $0.786
TP2: $0.805
TP3 (Stretch): $0.820+
๐ Trade Duration:
Scalping: 6โ12 hours (TP1)
Swing Trade: 1โ3 days (TP2-TP3) if bullish momentum continues
Monitor daily candle closes above $0.770 for sustained move.
๐งฒ Why Bullish Bias?
โ Breakout from mini bull flag
โ Bullish engulfing on 1D
โ Volumes aligning with price push
โ Bollinger band squeeze starting to expand
โ Support respected at 0.752 & ascending structure forming
โ ๏ธ Risk Management Tip:
This setup works best in low-volatility pre-breakout zones โ if $BTC drops sharply, invalidate the play. Keep SL tight and trail after TP1 for protection.
๐งญ Trader Takeaway:
"$SUSHI is shaping up for a clean range breakout. Early signs of strength with tight consolidation make this an ideal low-risk entry zone." ๐ง
๐ Disclaimer:
This is not financial advice. Markets are risky. Always do your own research and trade responsibly. ๐ง ๐
