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Sushi

SUSHI pumped 13%. What's next?Hello, dear TradingView members. This is a SUSHI idea. SUSHI pumped about 16% today and made it to the top gainers' list. Right now, it is rejected by the upper Bollinger Band and the local resistance area. The resistance level on the chart is substantial since it used to be SUSHI's support level for a long while. Two support levels are on the way down, holding the price up for now. Scenario One: The price will consolidate sideways near support and back up to retest the resistance levels. Scenario Two: The price move near the resistance level and gets rejected down on lower support levels. RSI is oversold, and the price has more room to go down. Now let's see your ideas. Let's have a discussion. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
15
Sushi great risk/reward spot positionthis is more of mid term play rather than a day trading position. i am setting orders to buy SUSHI between 1$ and 1.03$ and i plan on keeping it for a at least a few days and that is why i am going to make a spot position and not a leveraged futures position. i will hold it even if it goes a little under. technicallly it is time for sushi but also news are coming on the 26th. also,if the third tap on the support is met,that is huge signal for a mid term buy. i will keep it at least until price meets the red descending line of resistance or the resistance at 1.17 basically we want it to drop short term so we can buy,and then we need a slow and steady pump. orange lines are resistance points in case you want to get out sooner.
Long
by POWcharts
SUSHI usdt is one of my favoritesi will set an order to go long on sushi at 1.022$ at x3 leverage. If this order is filled,i will set 3 take profit orders 1.067 4.5% (13.5%) 1.095 7.1% (21.3%) 1.124 10% (30%) I will cut losses if 4Hour candle closes below 0.995 (i will update here) This idea is supported by technical analysis and this week Sushi will announce a new CEO. also,for the time being BTC will probably bounce around 22k which means most alts will bounce as well FOLLOW FOR MORE
Long
by POWcharts
Sushi is good for LongSushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens. SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI. Buy setup Entry : 0.90 - 1.04 SL : 0.775 TP1: 1.07 TP1: 1.11 TP1: 1.16 TP1: 1.22 TP1: 1.3 TP1: 1.4 TP1: 1.55 TP1: 1.7 TP1: 1.9 TP1: 2.1 TP1: 2.35 TP1: 2.7 TP1: 3.1 TP1: 3.6 TP1: 4.1 TP1: 4.9 Spot or Future (1x, 2x, or 3x) Run and keep it enjoy! Follow me! Copy my trade! :) TradeSetup_Reza
Long
by rezamehrjuyan