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πŸŒŸπŸ” SushiSwap (SUSHI) in a Prolonged Accumulation Phase πŸ£πŸ”

Long
BINANCE:SUSHIUSDT   SUSHI / TetherUS


πŸ“Š SUSHI's Accumulation Box: SUSHI has been in a 610-day accumulation box, with a notable exit and subsequent return to the box, indicating strong interest from traders and investors in purchasing at these levels.

πŸ“ˆ Volume Surge on Return: The return to the accumulation box was marked by significant volume, underscoring the buying interest in SUSHI.

πŸ›’ Long-Term Holding Strategy: For long-term holders, buying after $1.568 seems favorable. However, it's advised to use a wide stop loss to remain in the position comfortably.

πŸ›‘ Stop Loss Recommendation: A stop loss below $0.922 is recommended. This might seem large, but it's crucial to consider the overall risk management strategy.

πŸ” Futures Trading: For those interested in futures and looking for long positions, considering entry after $1.370 could be strategic.

🚫 Risk Management in Futures: Comparing the stop loss in spot trading with futures, a 2.5% stop loss with 20x leverage in futures equates to a significant risk. Hence, the notion of a 'large' stop loss in spot trading should be reconsidered.

πŸ“‰ Accumulation Box Breakout: When constructing a digital asset portfolio, waiting for a weekly breakout of these significant accumulation boxes is often a prudent strategy.

πŸ“£ What's your view on SUSHI's current accumulation phase and breakout potential? Are you planning to hold, trade, or wait for further signals? Share your strategies and insights! πŸ’¬πŸŒ #SUSHICoin #CryptoStrategy #TradeCityPro

πŸ“š Remember: The crypto market's inherent volatility demands careful planning and risk assessment. Ensure your investment decisions align with your financial goals and risk tolerance. πŸ§ πŸ’Ό





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