---$SUSHI
🚨 SUSHI/USDT Short Trade Setup 🥢
SUSHI is currently trading at $1.7249, just below the key resistance zone between $2.00 - $2.20, which has historically acted as a strong rejection level. This presents a potential opportunity for a short trade as the price struggles to break higher.
Short Trade Analysis:
1️⃣ Resistance Zone: The $2.00 - $2.20 range is a critical level to watch. If the price fails to close above this zone with volume, a downward move is likely.
2️⃣ Target Levels:
First Target (TP1): $1.50 (near-term support)
Second Target (TP2): $1.20 (stronger support zone)
Final Target (TP3): $0.97 (recent low)
3️⃣ Stop Loss: Place a stop-loss above $2.20 to protect against a breakout.
4️⃣ Risk-to-Reward: Ensure at least a 1:2 risk-to-reward ratio for an optimal trade setup.
Strategy in Action:
Wait for confirmation of rejection at the resistance zone (e.g., a bearish candle pattern or volume drop).
Enter your short trade with targets as outlined above.
Monitor key levels and adjust stops accordingly.
🔑 Pro Tip: Always maintain proper risk management and avoid overleveraging your position.
What’s your outlook on SUSHI? Do you see further downside potential? Share your insights below! 📉
Disclaimer: This is not financial advice. Please do your own research before entering any trade.
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