đšđ„ Act Now: SUSHI's Double Bottom Signals a Potential Breakout Feast! đŁđš
Double Bottom Pattern đ„: Spotted on lower timeframes, hinting at a potential uptrend.
VAL Breakout Watch đ: A push above the Value Area Low (VAL) at approximately $1.72 could fuel a bullish momentum.
Risk-Reward Ratio âïž: Appealing for a long position at current levels.
Targets Ahead đŻ:
POC (Point of Control): $1.96, the price level with the most trading activity.
VAH (Value Area High): $2.08, where the bulk of trading took place, acting as a potential resistance.
đ Current Stance:
Bullish If: Break above $1.72 VAL is sustained.
Bearish Caution: If unable to breach VAL, potential retest of lows.
đĄ Trading Tip:
Monitor for volume increase as a confirmation of breakout.
Place stop-loss below the recent bottom to minimize risk.
đ Interact and Share Your Thoughts:
Would you go long on SUSHI now?
Have you identified other patterns?
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