🍣 Technical Analysis: SushiSwap (
$SUSHI )
Market capitalization: $69 million.
After the sharp crypto crash over the weekend, SUSHI recovered slightly and formed a sideways channel.
🟡 Although it's not very obvious, it can be bounded by levels above and below.
We'll trade the breakout of these levels.
How to trade❔
💬 On an upward breakout, open a long position. Place your stop behind the nearest extremum. Target profit – before the next level above. Risk/reward ratio looks acceptable.
💬 On a downward breakout, open a short position. Place your stop behind the nearest extremum. Target prof