This chart shows a significant bullish trend in the $SUSHI /USDT trading pair on the 4-hour timeframe.

The price has surged by 22.79% in the last 24 hours, reaching $1.794, with a 24-hour high of $1.814. This breakout appears to have strong volume support, as evidenced by the increased trading volume of 22.41M $SUSHI and 37.24M USDT.

Long Position:

Entry Point: $1.75–$1.80 (on potential retests of breakout levels or consolidation)

Target 1: $1.90

Target 2: $2.00 (psychological resistance level)

Stop Loss: $1.68 (below recent support or breakout area)

Short Position (Risky):

Entry Point: $1.80–$1.81 (if rejection signs appear near resistance)

Target: $1.60 (support from prior consolidation zone)

Stop Loss: $1.85 (above recent high)

Market Analysis:

The momentum indicates bulls are in control, but caution is needed near the resistance zone ($1.81). For a long position, wait for a pullback or consolidation before entering. A short position is riskier and should be taken only with clear signs of reversal. Watch for increased volatility as the price approaches key psychological levels. Always manage risk accordingly.

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