After the initial pump and FUD based dump, SUSHI has been through a period of consolidation. It has made an Adam and Eve double bottom and a subsequent lower high, whilst simultaneously breaking the descending Fib channel. There is an opportunity for a long with a target of the kumo cloud on the 4H.
The red crosses mark the expected timeframes for price action. If the take profit target hasn't been hit by the second red cross, consider scaling out of the long position.
The red crosses mark the expected timeframes for price action. If the take profit target hasn't been hit by the second red cross, consider scaling out of the long position.
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