$SUSHI $SUSHI 1h Update
- Given the bullish signals from most indicators and the price holding above key demand, I expect price will first seek liquidity below 0.1500-0.1488, then attempt a move up toward 0.1535. If momentum continues, 0.1557 could be reached.
- Example long trade: Wait for a dip into 0.1490-0.1488, then look for a bullish reversal candle (like a pin bar or bullish engulfing) on the 5m or 15m chart. Enter long around 0.1490-0.1495, target 0.1535 first, then 0.1557 if strength persists. Place the stop-loss below the swing low at 0.1465 or lower depending on confirmation.
- If price spikes above 0.1598 and shows a clear reversal (such as a long upper wick or bearish engulfing on the 1h), a short scalp could be considered toward 0.1557 and 0.1535, with stop-loss above the swing high.
- Bias will flip bearish if the price closes solidly below 0.1465, especially if accompanied by high volume and bearish structure on lower timeframes.
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