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CryptoVernian
Jul 23, 2021 12:38 PM

SUSHI Rising wedge 

SUSHI / TetherUS PERPETUAL CONTRACTBinance

Description

SUSHI is currently forming a rising wedge that is, fundamentally, bearish in nature. Coupled with the fact that BTC's recent rapid recovery was more or less fuelled by "The ₿ Word" conference with high expectations (which were not met), SUSHI is looking bearish, at least in the short term. One might consider shorting it at the current level (I already have) and have SL in profits once the mark price is sufficiently lower than the entry price.
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