Today’s analysis – SUSHIUSDT – trading within a potential descending channel where a breakout is probable,
Points to consider, - Price Action Impulsive - Range Low Support - Range High Resistance - Low Volume - PA Rotation
SUSHIUSDT’s immediate price action is trading in under range mid with a descending channel , breaking this bullish will make the range high target.
The current resistance is the range mid, this level needs to be breached with an impulse back with increasing volume , the current volume profile is below average.
The PA has been rotational, meaning a potential accumulation before a strong expansion.
Overall, in my opinion, SUSHIUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
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