$SUSHI

/USDT Technical Analysis and Trade Signal🎯🚀

Current Overview

Price: $1.175

24h High/Low: $1.221 / $0.769

Indicators:

Bollinger Bands (20,2): Current price ($1.175) is above the upper band ($1.123), signaling overbought conditions.

SAR (0.02, 0.2): Bullish at $0.979.

Trade Momentum

Bullish (Short-Term)

Strong upward momentum as reflected by the +50.45% gain over 24h.

However, price being above Bollinger Bands may lead to short-term correction.

Trade Setup

1. Entry Zone:

Aggressive: $1.16 - $1.18 (current price).

Conservative: $1.12 - $1.15 (on a pullback to the upper Bollinger Band).

2. Stop-Loss:

Tight: $1.03 (below the middle Bollinger Band).

Loose: $0.97 (below SAR level for trend reversal).

3. Target Levels:

🎯 Target 1: $1.22 (recent high, short-term resistance).

🎯 Target 2: $1.30 (psychological resistance, Fibonacci extension level).

🎯 Target 3: $1.45 (key resistance from historical levels).

4. Trade Risk: Moderate

Current bullish trend is strong, but the risk of pullback increases due to overbought signals.

Momentum Confirmation

Bullish Continuation:

Hold above $1.12 (upper Bollinger Band).

Increase in 1h and 4h volume with consistent higher highs.

Weakness Signal:

Break below $1.03 (middle Bollinger Band and SAR support).

Strategy:

Scalping: Take profit at $1.22 and re-enter near $1.12.

Swing: Hold for $1.30-$1.45 with a trailing stop-loss around $1.10.

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