Yuriy_Bishko

SUSHI, will the support line survive another test?

Short
BINANCE:SUSHIUSDT   SUSHI / TetherUS
SUSHI is in a large trading range between the $3.93 and $4.83 levels. The entire cryptocurrency market corrected yesterday. In doing so, SUSHI tested its lower boundary, which currently acts as support. In addition, it should be noted that there was not much volume during the fall. The high volume at the bottom signals an accumulation of positions on the part of buyers.

While the price is in the trading range, special attention should be paid to the lower boundary of the range. The strategy for the range is a breakout or false breakout of the boundaries. A squeeze and breakout of the lower boundary will be a good opportunity to sell. In case of a false breakout, it is worth opening positions in the opposite direction.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

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