Sushi
SUSHIUSDTthis alt shows a lot of shadows in the bearish state which means the power of bearish is temporary
you can observe regular MACD divergence in the lower time frames too so we enter and even wait to lose a lot more value due to market fluctuations but not going to hit our stop loss
👉this idea has the confirmation of advanced price action
👉for more information about our services contact me via trading view private chat
👉hit share and spread the information for everybody to get profit
Keep an eye on SushiI entered sushi when I noticed that channel support is valid. (Entry 27.April)
With strong set ups on many blue chip DeFi tokens, the low valuation in realtive terms of Sushi caught my attention.
When Sushi closes above horizontal support it gives me signs of strength rather than weakness for now. For me, possible entries are once a channel breakout (If covered with volume) or if we surpass the local high at 18$.
SUSHI - yumIndicators
- price recovering after drop below $12 (50% of its most recent uptrend to all time high of $24)
- morning star / abandoned baby candlestick forming if todays candle closes above $11.80
- stock RSI < 20, indicating SUSHI is relatively oversold
- EFI recovers from 6 month+ low
- EFI approaching 0 line crossover from below
- price bouncing off 150 day moving average (not shown)
(price target set where price and 50 day MA are likely to meet if price continues up from here)
*** BE CAREFUL: I'm a n00b ***