$SUSHI
/USDT Technical Analysis and Trade Strategy 🚀 🎯
Technical Analysis:
Current Price: $1.42 (+10.82% in the past 24 hours)
24h High: $1.453
24h Low: $1.250
Bollinger Bands: Upper Band = $1.443, Middle Band = $1.407, Lower Band = $1.372
SAR (Stop and Reverse): $1.384
Key Levels:
Resistance:
Primary: $1.453 (24h High / Upper Bollinger Band)
Secondary: $1.443 (Upper Bollinger Band)
Support:
Primary: $1.384 (SAR indicator / dynamic support)
Secondary: $1.372 (Lower Bollinger Band)
Trade Strategy:
1. Bullish Scenario (Long Position):
Entry:
Enter a long position if the price breaks above $1.443 (Upper Bollinger Band) with strong volume and momentum.
Targets:
Target 1 (🎯): $1.50 – This is a psychological resistance level and a reasonable profit target.
Target 2 (🎯): $1.55 – A higher level where further resistance could form.
Target 3 (🎯): $1.60 – Extended bullish run if the trend continues.
Stop Loss: Set at $1.384 (SAR) to protect against sudden reversals.
2. Bearish Scenario (Short Position):
Entry:
Enter a short position if the price falls below $1.372 (Lower Bollinger Band) with increasing bearish momentum.
Targets:
Target 1 (🎯): $1.35 – A moderate support level.
Target 2 (🎯): $1.30 – Potential secondary support as price could retrace towards lower levels.
Target 3 (🎯): $1.25 – Lower bound, aligning with the 24h low.
Stop Loss: Set at $1.45 to limit risk in case of a bullish reversal.
Trade Setup Summary:
Long Setup:
Condition: Price breaks above $1.443 with strong volume.
Entry: $1.443
Targets: $1.50, $1.55, $1.60
Stop Loss: $1.384
Short Setup:
Condition: Price falls below $1.372 with confirmed bearish momentum.
Entry: $1.372
Targets: $1.35, $1.30, $1.25
Stop Loss: $1.45
Additional Notes:
Volatility: Watch for high volatility due to the proximity of key levels (Bollinger Bands and SAR).
Confirmation: Ensure you get confirmation on a breakout or breakdown with volume before entering a position.