SUSHIUSDT.PS trade ideas
SUSHI | Looks Promising for a Massive Breakout..!!
#SUSHI Descending Channel Formation in 3-Day TF..
Bulls need to Clear the $1.30 Crucial Resistance to Confirm the Breakout.
Once Breakout happen, Expecting +400-600% Bullish Impulse in the Midterm.
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SUSHIUSDT Daily S/R| .618 Fibonacci| Price Action| Trend Evening Traders, '
Today’s analysis – SUSHIUSDT- trading towards a key resistance zone where a rejection is possible
Points to consider,
- Price Action Corrective
- Daily S/R Resistance
- .618 Fibaoncci Resistance
- Previous Consolidation Zone
SUSHIUSDT’s immediate price action is trading towards a key resistance zone that is in confluence with the .618 Fibaoncci and two Daily S/R levels, this allows for a bearish bias.
A change in market structure will be needs to confirm a trend reversals, this needs to occur at the previous consolidation zone.
The immediate objective of this trade is the lower Weekly S/R
It is important that one uses price action upon discretion/ management of this trade, invalidation is multiple candle closes above the last Daily S/R resistance.
Thank you for following my work
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
SUSHI trading below 200days range low: short setupSushi price action is accepting below its 200days range low.
The longer price stays here the higher the probabilities of further rejection and decrease.
When the price starts trading again in the range, shorts must be closed.
0.62extension results in -30% drop similar to several other projections.
SUSHI CAN DROP AGAINHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the SUSHI symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SUSHIUSDT is creating the head and shouldersThe price is creating the head and shoulders on 4h timeframe after a pullback until 0.5 Fibonacci level on the daily timeframe
How to approach it?
IF the price is going to lose the neckline and restest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
SUSHI LONG TRADE 20221212Signal: Blue in High Timeframe
Important Support
SUSHI, SUSHISWAP, SUSHIUSD, SUSHIUSDT, SUSHIUSDTPERP, CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.