Hi friends! SUSHI🔥 is making HH and HL despite entire crypto market. This altcoin looks stronger than many others that is why you should pay attention to it.
If you take a look on the volume indicator, you will see that a lot of coins were bought at the bottoms. The volue bars are always growing when the price fall to local bottom.
📊 The preconditions to open a long on SUSHI: 🔥 the volume growth during the fall to closest value area of $1.2-1.3 which is support for the price 🔥 squeeze to the trendline 🔥 bullish BTC
🚩 One thing that really dangerous that is the growth of volume at the pumps, that means the huge sells of by huge hodlers. It's not good for futher growth, because big guys might expexct the fall where they accumulate more SUSHI again.
The DOM and Footprint scalping tools help me to identify this whales. If I will see the HUGE buy orders+long preconditions before the breakout, I will choose the buy side of course.
✅ The targets for SUSHI: 1. $1.92 - the key level which is resistance for the price. 2. $2.5 - the key level and even number which become the local resistance for the price.
*$1.41-1.54 - the value area, if SUSHI fall to $1.2-1.3 area. This will become the good target. I also think that the breakout without the pullback to $1.2-1.3 area is highly possible so pay your attetion to the chart to no miss the profit.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.