SUSHIUSDT.PS trade ideas
SUSHI hit targets again. 340% profits. What's next?Hello, dear TradingView members.
This is a SUSHI idea.
Once more, we opened our positions on SUN around the $1.087 area, which was a solid support level and a great buy/long opportunity.
So far, we have made about 34% (340% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO.
If you're a risk taker, you can wait for the solid resistance and close your positions, but don't forget to use local resistance as your SL.
As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.
There are three support levels on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see.
RSI is overbought, and the price has more room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
$SUSHI looking like a reversal....BINANCE:SUSHIUSDTPERP - heavy push up and OI spiking to carry through - however hitting 200EMA on 4H / 8H charts > OI petering out.
There is still some pressure to the upside, hence I suspect we can move to the higher blue zone
If entering now set stops above, otherwise mid-entry both zones and review
Sushi / USDT short setupPossible we will see a small dump from here to the next hold level below the previous swing low.
This will create a break of structure to the downside which will start the downtrend.
This small dump will likely create a gap which we will use as our short entry. (0.382 downtrend retracement confluence)