have shown a bunch of scenarios and possible bounce areas. once we are above green, we go past 009x. very interested in the explosiveness of this perp. classic accumulation pattern with retest happening at the time of writing.
honestly if this was anything else by looking at that setup i would not long. but knowing the macro structure and having in mind illogical moves lately, I am inclined to say we go 51xxx and then dump for some fresh liquidity.
strong buys within 42-43k, chances are we have bottomed out in this/nearest next dip and confirmed strength will lead to 51200-52000 as next stage. as that would be 3rd wave looking at the daily, suggesting taking profits within that area.
tracing support lines to localize bounce-off areas. for a scaled entry.
sushi was last season the best performer in the early weeks along with aave, recording 96% growth in 6 weeks. perhaps not as explosive as many others, but, considering the market cap, very good opportunity on leverage. very volatile, with some large bag holders. prone to exploits due to TVL,...
