SushiSwap Bullish Since June | How To Trade + Tips
Here we have a rising channel where SushiSwap (SUSHIUSDT) has been printing higher highs and higher lows since June 2022.
If we were to zoom out and look at the bigger picture this is just a consolidation box/phase... After the consolidation comes the bullish break.
This chart is telling me that SUSHIUSDT is ready to move ahead.
If you were to use this information to trade, this setup produces low risk (tight stop-loss) with high potential for rewards.
You need to do your own research for that part.
But let me just say that the stop-loss can be around $0.99 or ~20% and just the last high gives 60% potential but one can easily hold if patient to 100% o r 120%.
It is a numbers game.
There are many different strategies, many different ways to trade.
How you approach the market will depend on your personal situation, your background, your culture, your capital, your education and so on.
Everybody is different but we can all win if we learn to buy and hold.
Namaste.
If we were to zoom out and look at the bigger picture this is just a consolidation box/phase... After the consolidation comes the bullish break.
This chart is telling me that SUSHIUSDT is ready to move ahead.
If you were to use this information to trade, this setup produces low risk (tight stop-loss) with high potential for rewards.
You need to do your own research for that part.
But let me just say that the stop-loss can be around $0.99 or ~20% and just the last high gives 60% potential but one can easily hold if patient to 100% o r 120%.
It is a numbers game.
There are many different strategies, many different ways to trade.
How you approach the market will depend on your personal situation, your background, your culture, your capital, your education and so on.
Everybody is different but we can all win if we learn to buy and hold.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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