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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
SUSHI/USDT: Mixed picture between 1,02 & 1,58---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)------- SUSHI/USDT: Mixed picture between 1,02 & 1,58 Context - The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - However for SUSHI the volume on CEX and DEX are decreasing within the bearish pressure on going and the outlook is mixed on current level - We are watching at 1,58 as Tactical resistance to re-integrate to provide a clear recovery signal - Watch 1,02 as key Tactical support Market configuration - Graphical Elements : Graphical Resistance = 1,58 & 2,35 Graphical Support = 1,02 & 0,70 - Mathematical Indicators: EMA ( Exp Moving averages) are resistance = Bearish RSI indicator (below) is now below 50% = Bearish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (C) B hasn't been reached = 0,70 Fibonacci resistance of the wave in progress = 1,58 Fibonacci support of the wave (ii) = 1,02 Fibonacci Bullish Target = 2,35 / 3,08 Conclusion Neutral between 1,02 & 1,58 - Only a clear break of those level will provide a clear directional view
by JeanJean1983
1
Sushi is ripe for a squeeze! Opinion: Sushi is a favorite of liquidity farmers. Over 40% of Nansen smart wallets have exposure to Sushi or its LP token. After a lengthy capitulation, sushi has now breached its long-term downtrend and seems ripe for a squeeze. TP at 5$+ Notes on how I personally use my charts/NFA: Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
1