While BTC is up 40% from it's low, SUSHI tanked so low that taking a long trade from here gives you 2.61 in the worst case scenario if it finds resistance at Point Of Control around $1.047.
The logic of this trade based on the idea that BTC will continue going relatively flat giving time ALTs for "Pump & Dump" scenario, so CM will be able to make money to buy a new ferrari.
Considering that the risk is so low and we are extremely low even at the 1D/2D/4D timeframes I guess this risk worth to be taken.
The logic of this trade based on the idea that BTC will continue going relatively flat giving time ALTs for "Pump & Dump" scenario, so CM will be able to make money to buy a new ferrari.
Considering that the risk is so low and we are extremely low even at the 1D/2D/4D timeframes I guess this risk worth to be taken.
Note
Green area between green dashed lines is where i expect the price action to begin reversing using Multitimeframe analysis. Trade active
Trade opened. This is pretty speculative setup, but the risk/reward make it sensible Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.