Urgent Update: SUSHI/USDT Chart Analysis - 4H๐จ๐จ
SUSHI is showing a strong bullish trend, characterized by higher highs (HHs) and higher lows (HLs). Here's a detailed breakdown of the current analysis and trading plan:
๐ Chart Analysis
1. Trend Formation:
SUSHI is forming a classic bullish pattern with higher highs and higher lows.
2. Resistance Breakout:
The price has successfully broken out of the resistance zone and is now consolidating above it.
3. 200 EMA Retest:
The price is currently retesting the 200 EMA, a critical support level after the breakout.
๐ Trading Strategy
Anticipated Move:
Given the bullish structure and successful retest of the 200 EMA, it is expected that $SUSHI will continue its upward momentum and achieve new highs.
๐ฅ Entry Point
Enter a Long Position: $1.215
๐ฏ Target
Target Price:
$1.317
โ Stop Loss
Stop Loss:
$1.146
Stay Informed:
Keep updated with market news and any events that might affect $SUSHI.
Adjust SL and Target:
Be prepared to adjust your stop loss and target levels based on new market developments.
Use Proper Risk Management:
Never risk more than you can afford to lose and stick to your trading plan.
Happy trading! ๐๐
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