Trading signals Report for $SUSHI /USDT pair has experienced significant upward momentum over the past 24 hours,

Current Price: $0.906 (+12.83%)

Overview:

The SUSHI/USDT pair has experienced significant upward momentum over the past 24 hours, with a price surge from $0.763 (24h Low) to $0.971 (24h High). The current price reflects a strong bullish trend, as evident by higher highs and higher lows on the candlestick chart. The RSI (6) at 37.831 indicates that SUSHI is approaching a neutral zone after a brief overbought condition earlier.

Critical Levels

Resistance (Red):

$0.971 (24h High)

$0.940 (recent local top)

Support (Green):

$0.802 (recent breakout point)

$0.763 (24h Low)

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Trading Signals

Short Trade Setup:

Entry Price: $0.900

Take-Profit Targets:

TP1: $0.870

TP2: $0.845

TP3: $0.800

Stop Loss: $0.915

Indicator Basis:

Short trades should consider retracement signals near resistance at $0.940 or signs of rejection near $0.971.

Long Trade Setup:

Entry Price: $0.906

Take-Profit Targets:

TP1: $0.940

TP2: $0.965

TP3: $1.000

Stop Loss: $0.870

Indicator Basis:

Long trades can ride the ongoing bullish momentum if SUSHI remains above $0.802, supported by higher volumes.

Cautionary Note

Traders should monitor volume closely for confirmation of a sustained trend. If the price consolidates near resistance, expect a potential breakout above $0.971. Conversely, failure to hold $0.802 support could invalidate bullish scenarios.#SUSHIUSDT #CryptoSignals #BinanceTrading #DeFi #CryptoTA