$SUSHI

/USDT: Analyzing the Pullback for Potential Reversal📈📊🔥

Current Price: $1.879

24h Change: -4.72%

24h Range: $1.864 - $2.030

24h Volume: 11.92M SUSHI / 23.39M USDT

Technical Snapshot 📊

1. Trend:

Bearish with a -4.72% decline, showing a correction after testing the recent highs.

Price is currently at $1.879, near the lower end of its 24-hour range.

2. Key Support:

$1.864 (recent low)

$1.850 (stronger support zone)

3. Key Resistance:

$1.920 (immediate resistance)

$2.000 (next resistance level)

4. Indicators:

RSI: 45 (Neutral, indicating no extreme buying or selling pressure)

MACD: Neutral, showing that both bulls and bears are in a tug-of-war.

Volume: Moderate, with increasing selling pressure indicating a potential continuation of the downtrend if no reversal signs appear.

Trade Strategy 🎯

Entry Zone: $1.870 - $1.890 (Look for a bounce off support or a break of resistance)

Stop-Loss: $1.850 (Limit downside risk)

Target Levels 🚀

1. 🎯 Target 1: $1.920 – Immediate resistance

2. 🎯 Target 2: $1.950 – Next resistance zone

3. 🎯 Target 3: $2.000 – Extended target for a full recovery

Trade Tip:

Look for price action signals such as bullish candlestick patterns near $1.864 to enter a position. If the price breaks above $1.920, that would confirm the beginning of a reversal.

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