🚀 Technical Analysis: $SUSHI /USDT

📈 Price Movement

The price has shown strong upward momentum recently.
Daily price change is +26.83%, suggesting a potential short-term overbought condition.

📊 Moving Averages (MA)

MA (9-day) > MA (25-day) > MA (99-day): a perfect bullish alignment.
Indicates a strong uptrend with sustained buying pressure.

🎯 Bollinger Bands (BB)

Price has significantly broken above the upper band, signaling an overbought state.
A pullback could occur, so caution is advised.

🔥 Volume

Volume has surged, confirming the upward move is backed by strong buying demand.
This suggests the rally is not just a fake-out.

📌 RSI (14)

RSI is at 87.61, indicating overbought conditions.
This could lead to a short-term correction.

💡 MACD

MACD has crossed above the Signal line, maintaining bullish momentum.
Histogram shows increasing bullish strength, supporting potential further gains.


💼 Short-Term Trading Strategies
🛒 Buy Strategy

Dip Buying: Wait for a pullback to the 9-day MA (~1.84 USD) before entering.
Target: Set your take-profit at 2.5–2.7 USD.

📤 Sell Strategy

Partial Profit-Taking: If already holding, consider selling 50% at 2.5–2.6 USD to lock in gains.
Stop Loss: Exit below the 9-day MA (~1.8 USD) to minimize losses.

⚡ Scalping Strategy

Trade Bollinger Band breakouts and rebounds for quick gains.
Set profit targets of 3–5% per trade and exit promptly.


⚠️ Caution

The market appears overheated, so it’s safer to wait for a pullback before entering.
Monitor BTC’s movement closely, as broader market conditions could impact volatility.

Good luck and trade wisely! 🌟📊
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