What is it preparing for... if there were no impulses and attempts to rise at least above the resistance at 1.77
Bullish Buster
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Bullish
🚀 $SUSHI /USD ANALYSIS: TRADING AT $1.740—IS A RALLY BREWING? 🚀📈
The $SUSHI /USD pair is currently priced at $1.740, showing signs of consolidation near key support and resistance levels. With market participants closely watching, could this be the setup for a breakout? Let’s analyze the scenario.
📈 Market Conditions: $SUSHI/USD has touched a 24-hour high of $1.770 and a low of $1.700. The price is holding above $1.720 support, with immediate resistance at $1.770. The market sentiment appears cautiously bullish, supported by moderate buying pressure.
📊 High Probability Trade Scenarios:
Bullish Scenario: A breakout above $1.770 could lead to a move toward the next resistance at $1.820.
Take Profit (TP): $1.820
Stop Loss (SL): $1.710
Bearish Scenario: If the price fails to hold above $1.720, it might retrace to test the $1.700 support.
Take Profit (TP): $1.700
Stop Loss (SL): $1.750
🔑 Key Levels to Watch:
Resistance: $1.770, $1.820
Support: $1.720, $1.700
📈 Market Outlook: $SUSHI/USD is on the verge of testing its resistance at $1.770. A breakout could trigger further bullish momentum toward $1.820, while a rejection might push the price down to retest support levels. Keep an eye on trading volume and market sentiment to confirm the next move.
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