$SUSHI Technical Analysis & Trade Strategy🤑
🚀 I Told You, and Again I’m Saying: Trade Now! 🎯
Current Overview:
🔹 Price: $2.17 (+16.23% 24h change)
🔹 24h High: $2.179
🔹 24h Low: $1.812
Key Technical Indicators
📈 MA (13.63%): Short-term moving average suggests bullish momentum.
📊 EMA (67.00% - 7-day): Prices consistently above EMA signal strong upward momentum.
Trade Strategy
🎯 Target Levels:
1️⃣ 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.
2️⃣ 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.
3️⃣ 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
🔵 Entry Point:
Buy between $2.17–$2.18 for a tighter entry.
Alternatively, wait for confirmation above $2.20 for a breakout entry.
🟢 Exit Points:
Take profits incrementally at $2.25, $2.35, and $2.50 based on your risk tolerance.
⚖️ Risk-to-Reward Ratio: Aim for a minimum 1:2 ratio (risk $1 for every $2 in potential reward).
---
Monitor the Following:
📈 Volume Spikes: Confirm trend strength with increasing volume.
🔄 MACD Crossovers: Watch for any bearish crossover as an early reversal signal.
---
Stay disciplined, act fast, and seize the moment!
🔗
#BURNGMT #BinanceEverywhere #CryptoDailyInsight