🚀
$SUSHI Bullish Continuation: Is the Rebound Just Getting Started🔆
SushiSwap (
$SUSHI ) is flashing strong bullish signals on the 1H timeframe after a decisive recovery from recent lows. The price action suggests that the bulls are back in the driver’s seat, reclaiming key psychological levels with significant volume.
📊 Technical Overview
The recent price action shows a clean reclamation of the $0.30 mark. This level, which previously acted as resistance, is now being tested as new support. With a consistent pattern of higher highs forming on the short-term chart, the momentum remains firmly with the buyers.
As long as the price maintains its footing above the $0.295 - $0.30 support zone, the bullish structure appears rock-solid, potentially opening the door for a move toward the mid-$0.30s.
⚡ The Trade Setup
For those looking to capitalize on this momentum, here is a structured outlook:
• Entry Zone: $0.298 – $0.304 (Look for stability in this range)
• Target 1 (TP1): $0.320
• Target 2 (TP2): $0.350
• Stop Loss (SL): $0.283 (Below the recent swing low)
🔍 Key Levels to Watch
• Support: $0.295. A breakdown below this could invalidate the current bullish structure.
• Resistance: $0.310. A clean breakout above this level confirms the next leg up toward $0.350.
Final Thought: Momentum is your friend in this setup. A "clean hold" above $0.30 is the primary confirmation for the upside continuation. Always manage your risk and trade safely!
#SUSHI #CryptoTrading #TechnicalAnalysis #DeFi #Altcoins
#TradingSignals Disclaimer: This post is for educational purposes only and does not constitute financial advice. Always do your own research before trading.