Sink or Swim for Sushi 🎣 🍣

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Sushi/USDT 1D

Sushi had/has some momentum building as of late but its running into resistance but has stalled out.

Sushi could be in a symmetrical triangle or descending triangle on how you view the highs and lows. Jump up to a higher time frame and it becomes more clear.

To the downside watch the previous pivot highs around $1.35 for a retest on a pull back which also coincides with the 100EMA. You want this to hold if you dont want to see the bottom of the pattern.

To the upside watch for a daily close above $1.62 on break out to the upside.

If you zoom out to the weekly the Sushi chart looks like straight garbage. This is not a coin I would hold long term but would be happy to take a swing trade on with a small position.

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ملاحظة

Close below 1.43, break this trend line or get the cross down of the 9EMA(black) and 20EMA (red) the trade will go active.