P_S_trade

Sushi An important level $1.40, which will tell the future move.

BINANCE:SUSHIUSDT   SUSHI / TetherUS
We haven't updated the Sushi idea in a while, but the current growth suggests that it's time to update our thoughts.

If we analyze our previous idea for Sushi, then the price bounced from the level $0.55 to the upper level $0.86.
From $0.86, sellers began to push the price towards our lower target $0.377. However, they delayed this process. And although there was enough strength to update the low, the reversal and insane growth began from the level $0.472.

Now the price has come to the solid level $1.40. Earlier, there was a strong buyer at this level and bought the price three times.
Then, he made a sell-off at $1.40 when the fall began below $2.18.

Therefore, now it is important to follow how the price will behave at the level $1.40:
- If the price can fix above $1.40, then the way up to $1.80 and $2.18 will be opened.
- If seller becomes active, then the price will move for a correction. First, to $0.862, and globally, it may reach the level $0.65.

Then it will be necessary to analyze the situation in more detail.
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