SUSHIUSDT Range Low| Range High| Price Action| Trend

by David

Evening Traders,

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,

Thank you for following my work

And remember,

“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.” ― Yvan Byeajee