Trading signals Report for
$SUSHI /USDT pair has experienced significant upward momentum over the past 24 hours,
Current Price: $0.906 (+12.83%)
Overview:
The SUSHI/USDT pair has experienced significant upward momentum over the past 24 hours, with a price surge from $0.763 (24h Low) to $0.971 (24h High). The current price reflects a strong bullish trend, as evident by higher highs and higher lows on the candlestick chart. The RSI (6) at 37.831 indicates that SUSHI is approaching a neutral zone after a brief overbought condition earlier.
Critical Levels
Resistance (Red):
$0.971 (24h High)
$0.940 (recent local top)
Support (Green):
$0.802 (recent breakout point)
$0.763 (24h Low)
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Trading Signals
Short Trade Setup:
Entry Price: $0.900
Take-Profit Targets:
TP1: $0.870
TP2: $0.845
TP3: $0.800
Stop Loss: $0.915
Indicator Basis:
Short trades should consider retracement signals near resistance at $0.940 or signs of rejection near $0.971.
Long Trade Setup:
Entry Price: $0.906
Take-Profit Targets:
TP1: $0.940
TP2: $0.965
TP3: $1.000
Stop Loss: $0.870
Indicator Basis:
Long trades can ride the ongoing bullish momentum if SUSHI remains above $0.802, supported by higher volumes.
Cautionary Note
Traders should monitor volume closely for confirmation of a sustained trend. If the price consolidates near resistance, expect a potential breakout above $0.971. Conversely, failure to hold $0.802 support could invalidate bullish scenarios.
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