🔄🎯 "SUSHI Coin Analysis: Re-entry Point or 3000% Profit?" 📈🔄
💹 Let's review together what the re-entry point might be and even consider another buying opportunity for this cryptocurrency.
📊 In our previous analysis, it was mentioned that after the weekly candle broke the resistance at 1.485, you might consider buying this coin with a stop loss active around the range of 0.932, which probably your stop loss has been activated by now.
💼 The stop loss for this coin is currently active, and it doesn't matter much for those of us managing capital and risks. The important thing is that we accept the possibility of experiencing setbacks in this market while ensuring we only lose a small percentage of our capital.
📉 This coin couldn't generate more green candles and ascend its trend after hitting the resistance at 2.035, which attracted sellers to enter the market. Additionally, the candle from two weeks ago acted as a catalyst for a 50% drop from its resistance.
🛑 Currently, we have returned to a significant retracement support at the 0.932 level, which is one of the critical supports. However, the significance of the support alone doesn't prompt us to buy this coin without a re-entry point. After waiting for a percentage of retracement, we enter more confidently.
⏳ For a re-entry, we can consider three scenarios:
📊 1- Waiting for a few weekly candles to rest on this support, allowing the selling pressure to decrease, which would attract buyers.
📉 2- Reaching a very important support range around 0.540. Again, we expect a rest and confirmation of the entry point or a green candle with a long shadow from the bottom.
🚀 3- Waiting for the 700-day box ceiling to break and buying at one of the resistance points, either at 2.783 or 2.035, and accompanying it in the Bollinger Bands.
🛑 Regarding the stop loss, if you're holding this coin from higher prices, it's advisable to forget about it and try to increase your coin holdings along the way. But if you're holding from the $2 or $3 levels, after the weekly candle closes below the 0.932 support, you can activate your stop loss. If the price returns above this area again, you can buy back with the same capital, having fewer coins, but acting more confidently.
🔍 The possibility of losing the last support range at 0.540, which is the lowest price of this coin, is slim. However, if this happens, I suggest you escape from this coin and liquidate your funds. Also, if this coin has a new entry point, I'll update this analysis for you.
💡 I recommend you take a look at this project and the SushiSwap website. In crypto, it's not just about buying and selling coins; in the DeFi space, where liquidity pools are created, you can make good profits. Additionally, it's essential to be aware of the projects and events of the coins you invest in.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
📊 In our previous analysis, it was mentioned that after the weekly candle broke the resistance at 1.485, you might consider buying this coin with a stop loss active around the range of 0.932, which probably your stop loss has been activated by now.
💼 The stop loss for this coin is currently active, and it doesn't matter much for those of us managing capital and risks. The important thing is that we accept the possibility of experiencing setbacks in this market while ensuring we only lose a small percentage of our capital.
📉 This coin couldn't generate more green candles and ascend its trend after hitting the resistance at 2.035, which attracted sellers to enter the market. Additionally, the candle from two weeks ago acted as a catalyst for a 50% drop from its resistance.
🛑 Currently, we have returned to a significant retracement support at the 0.932 level, which is one of the critical supports. However, the significance of the support alone doesn't prompt us to buy this coin without a re-entry point. After waiting for a percentage of retracement, we enter more confidently.
⏳ For a re-entry, we can consider three scenarios:
📊 1- Waiting for a few weekly candles to rest on this support, allowing the selling pressure to decrease, which would attract buyers.
📉 2- Reaching a very important support range around 0.540. Again, we expect a rest and confirmation of the entry point or a green candle with a long shadow from the bottom.
🚀 3- Waiting for the 700-day box ceiling to break and buying at one of the resistance points, either at 2.783 or 2.035, and accompanying it in the Bollinger Bands.
🛑 Regarding the stop loss, if you're holding this coin from higher prices, it's advisable to forget about it and try to increase your coin holdings along the way. But if you're holding from the $2 or $3 levels, after the weekly candle closes below the 0.932 support, you can activate your stop loss. If the price returns above this area again, you can buy back with the same capital, having fewer coins, but acting more confidently.
🔍 The possibility of losing the last support range at 0.540, which is the lowest price of this coin, is slim. However, if this happens, I suggest you escape from this coin and liquidate your funds. Also, if this coin has a new entry point, I'll update this analysis for you.
💡 I recommend you take a look at this project and the SushiSwap website. In crypto, it's not just about buying and selling coins; in the DeFi space, where liquidity pools are created, you can make good profits. Additionally, it's essential to be aware of the projects and events of the coins you invest in.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
