$SUSHI /USDT: 🍣 SUSHI SLIDES - BEARISH BREAKOUT
The $SUSHI/USDT pair is currently experiencing a sharp decline, breaking below a key support level. This bearish move suggests a potential shift in market sentiment and could signal a further downward trend.
Market Overview: The overall market sentiment for $SUSHI/USDT appears to be bearish. 🐻 The price has broken below a critical support level, indicating a potential loss of bullish momentum. 📈 The high trading volume during this decline suggests that the move is driven by strong selling pressure. 💰
Trade Setup:
* Short Entry: Consider shorting $SUSHI/USDT at the current price level of $1.342. ⬇️
* TP (Targets):
* Set TP1 at the previous swing low of $1.2000. 🎯
* Set TP2 at the next major support level of $1.1000. 🎯
* SL (Stop Loss): Place SL above the recent swing high of $1.5000 to manage risk. 🛑
Market Outlook: The short-term outlook for $SUSHI/USDT is bearish. 🐻 The price is likely to continue its downward trend in the near future. However, it's important to monitor the market closely for any signs of a reversal. 🔄
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