P_S_trade

SUSHI 12h If you keep Sushi too long, they may spoil

BINANCE:SUSHIUSDT   SUSHI / TetherUS
It has been a long time since the previous ideas were published. And during this time, a lot of interesting things happened on the Sushiusdt chart.

Probably the most memorable squeeze for $1. Then the lovers to trade with a margin leverage and even without using stops were very painfully shaved.
And those who organized this flow bought very cheaply.
Since then, the price has been growing steadily and without stopping, having already made almost x6.

Now, the price reaches the strong level of $5.90-6.00 and doubts begin to creep whether buyers will be able to move up.
Fixing the price above $6 will give an opportunity to grow to $7.50.
But if we take into account the fact that all the growth happens on falling volumes, the thought running through my head that a fall into the zone of $2.75-3 is more likely.
Although, one manipulator knows how much he still has strength to push the price up without volumes.
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Comments

seems like so far it's churning 5-10% gains every day. strong bull market.
+2 Reply
P_S_trade ProjectSyndicate
@ProjectSyndicate, the market usually changes the trend very unexpectedly
Reply
great analysis my friend . thanks
+2 Reply
P_S_trade T_V_TreeTrader
@T_V_TreeTrader, thanks you too
Reply
any update?
Reply
i did read sushiswap's roadmap Q1 2021. the fundamental factor might beat the TA logic. 🤷‍♂️
Reply
looking at the 4r chart there's a rising wedge which would agree with the short to around 4.0 then fall below it if it breaks the falling wedge downwards
Reply
nice charts there, it's been growing continuously and needs a good correction
Reply
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