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SUSHI/USDT (Spot) Potential Upward Movement

SUSHI/USDT (Spot) Long-Term Trend: Bullish

Key Resistance Levels: 6.894, 7.319, 8.123.

Key Support Levels: 5.973, 5.265, 4.855.

Daily Time Frame:

The price on the higher time frame failed to continue its move to the downside where it broke the strong support level near the 6.00 USDT mark and quickly rebounded by posting an engulfing bullish patten. This could lead to a reversal and a move higher.

SUSHI/USDT (Spot) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the price succeeded to break the bullish flag to the upside after finding bulls under the bespoke support level. A lower correction could be seen to the highlighted zone before a new wave toward the target profits.

Signal Idea:

Buy Limit Order @ 6.113

TP 1 @ 6.894

TP 2 @ 7.319

Stop Loss @ 5.718

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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