SUSHI has reached quite an unexpected price in such a short time! Almost $8... after an amazing run from .50 cents! Congrats to anyone that held until this price!
If you are looking for the next possible target, then Sushi may attempt to reach its previous ATH levels at around $9 as indicated by the daily resistance line.
Therefore, if this correction is not...
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.
Sushi is undervalued with a P/E of 5.44x when the defi average is currently 160.34x (according to token terminal). The Bentobox should be coming out soon and the team has big plans this year including crosschain swaps with thorchain and a partnership with bao finance to introduce synthetic assets and lastly with archer dao which will bring MEV to Sushi. If all...
I didn't capture the whole move on SUSHI but managed to capture the third leg of this uptrend.
Have set a trailing stop now that I'm going to manually adjust as we move higher.
This is something I will be doing throughout the current bull cycle. Yes - I miss out on some pips of profit, but risk management is genuinely my number one focus this year.
This is my personal hope & observation. it is not financial advice.
TA perspective, i hope we already on a tea cup handle pattern. and hopefully "usdt issue" will not crush sushi price below second support. might buy more if that happen.
Fundamental perspective, there are lot of progress they gonna make trough this january-feburary. just check the sushiswap 2021...
The wave of falling SUSHI prices on December 19 led it to the liquid range of $2.26-2.33 .
We wrote about this range in the previous idea . This range can be a solid foundation for new price growth to our $3.5 target.
The current local fall wave adjusted the growth wave from December 11 by 61.8%. A rather deep correction may force the price to consolidate...
+5$ levels for the first time since inception (Almost 11 days straight on the green // 80%+ since UCTS Buy signal on the daily)
Looking for a flip at current level or a spike in volume as signal of continuation.
/BTC pair looking flat for now.