SUSHI has done the impossible. Rallied 18x from it's bottom to be so close to $9 again.
As you can see, SUSHI is approaching it's previous high, as measured by daily resistance line. Therefore I expect some reaction around that price area. We may shoot higher of course and do a new ATH, but that will come later.
The market continues to be very bullish. We may end up with SUSHI doing an ATH and a bearish divergence on daily RSI. But that is speculation. For now, the path higher is quite clear.
Going long now is not ideal as you should have bought one of the support lines on the chart. Therefore, I suggest waiting for a better entry when we correct or touch support again. Nevertheless there is still at least 10% gains possible until we reach $9.
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As you can see, SUSHI is approaching it's previous high, as measured by daily resistance line. Therefore I expect some reaction around that price area. We may shoot higher of course and do a new ATH, but that will come later.
The market continues to be very bullish. We may end up with SUSHI doing an ATH and a bearish divergence on daily RSI. But that is speculation. For now, the path higher is quite clear.
Going long now is not ideal as you should have bought one of the support lines on the chart. Therefore, I suggest waiting for a better entry when we correct or touch support again. Nevertheless there is still at least 10% gains possible until we reach $9.
Like and follow if you liked this idea!
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