Long
Sushi (SUSHIBTC) – Potential 87% gains
BUY: 0.000342 – 0.000355
TARGETS:
1) 0.000446
2) 0.000544
3) 0.000640
STOP: 0.0003 (when a 4h candle closes below this price)
Rationale:
-Price has been forming a pennant for the last 39 days and is holding above the 100 EMA which has been a strong resistance throughout the uptrend.
-Price broke above the purple diagonal trendline and has re-tested it, turning it to support.
-After bouncing from the trendline it touched the top of the pennant, and price fell back to the closest support level. This is our buy zone.
-We remain bullish as long as price stays above the lower boundary of the pennant. If price breaks below the lower boundary of the pennant it will re-test the purple trendline.
-If the purple trendline breaks, this idea is invalidated, hence the stop is below the trendline.
Your risk, your reward. This is not financial advice.
Happy trading.
TARGETS:
1) 0.000446
2) 0.000544
3) 0.000640
STOP: 0.0003 (when a 4h candle closes below this price)
Rationale:
-Price has been forming a pennant for the last 39 days and is holding above the 100 EMA which has been a strong resistance throughout the uptrend.
-Price broke above the purple diagonal trendline and has re-tested it, turning it to support.
-After bouncing from the trendline it touched the top of the pennant, and price fell back to the closest support level. This is our buy zone.
-We remain bullish as long as price stays above the lower boundary of the pennant. If price breaks below the lower boundary of the pennant it will re-test the purple trendline.
-If the purple trendline breaks, this idea is invalidated, hence the stop is below the trendline.
Your risk, your reward. This is not financial advice.
Happy trading.
Trade fechado: stop atingido
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.