After 658 days, SUSHIUSDT is expected to close above $1.838 and initiate a bullish rally.
Two stop-loss levels are suggested:
First stop-loss: 31% at $1.328
Second stop-loss (recommended): 52% at $0.931
First target: $4.931
For spot trading, a risk-free approach is recommended, where only a portion of the investment is allocated.
RSI is currently overbought, indicating a high buying pressure and potential risk.
If SUSHIUSDT can stabilize above 73.35, it can move between 77.54 and 84, which can be a significant price increase.
SMA7 is located behind the weekly candle, which can further support the upward movement.
This analysis is solely my opinion and should not be considered as financial advice. Any investment decisions should be made at your own risk and after conducting thorough research
Two stop-loss levels are suggested:
First stop-loss: 31% at $1.328
Second stop-loss (recommended): 52% at $0.931
First target: $4.931
For spot trading, a risk-free approach is recommended, where only a portion of the investment is allocated.
RSI is currently overbought, indicating a high buying pressure and potential risk.
If SUSHIUSDT can stabilize above 73.35, it can move between 77.54 and 84, which can be a significant price increase.
SMA7 is located behind the weekly candle, which can further support the upward movement.
This analysis is solely my opinion and should not be considered as financial advice. Any investment decisions should be made at your own risk and after conducting thorough research