🚨 $SUSHI /USDT Technical Analysis: Momentum Building for a Big Move! 🚨
$SUSHI is currently trading at 2.657, up by an impressive 29.86% in the last 24 hours. After hitting a 24-hour high of 2.680, the price is showing strong upward momentum, signaling the potential for further gains as buyers dominate the market.
Key Levels to Watch:
1. Resistance 1: 2.700 – A breakout above this level could confirm bullish continuation, with the next targets in sight.
2. Resistance 2: 2.800 – If the rally sustains, this could act as the next target for bullish traders.
3. Support Level: 2.600 – Holding above this level is crucial for maintaining upward momentum. A dip below might indicate a short-term retracement.
Trade Setup and Targets:
Bullish Scenario: If SUSHI breaks above 2.700, look for targets at 2.750, 2.800, and potentially 2.900 as the rally strengthens.
Bearish Scenario: If SUSHI fails to hold above 2.600, a pullback toward 2.500 or 2.400 could be expected.
Recommendation:
Monitor the price action closely around 2.700 for a breakout confirmation. Set stop-loss orders around 2.580 to manage risks. With high volatility, cautious trading is advised.
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