Key Levels: - Current Price: $1.665 - Resistance Levels: $1.677, $1.950, $2.000 - Support Levels: $1.632, $1.521
Trade Setup: - Entry: Long at $1.665 - Take Profit (TP): - TP1: $1.950 - TP2: $2.000 - Stop Loss (SL): $1.521
Risk Management: - Risk/Reward Ratio: 2:1 - Position Size: Adjust according to risk tolerance, typically 1-2% of the portfolio.
Summary: We are looking for a long trade on $SUSHI/USDT due to a bullish breakout above the resistance level of $1.632. The price has shown strong upward momentum, and the next resistance levels are at $1.950 and $2.000. Setting a stop loss at $1.521 ensures a controlled risk in case of a pullback. This setup offers a favorable risk/reward ratio, making it an attractive trade opportunity. 📈💹 #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USJoblessClaimsDrop
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