🍣 Technical Analysis: SushiSwap (
$SUSHI )
Market capitalization: $97 million.
After an extended uptrend, a reversal is shaping up.
🟡 The price is right above the support level, giving us an excellent entry point for a short position.
How to trade❔
💬 Open a sell position when the support level breaks downward.
Place stop-loss behind the nearest extreme to protect against a false breakout.
💬 Set profit target before the next serious level below.
💬 Yes, this is quite an ambitious target, but the risk/reward ratio is excellent!
💬 If you're concerned that the target level is quite far, t