2026-02-02 14:36:09

🍣 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 profit – at a distance equal to the width of the formed channel.

💬 Risk/reward ratio is normal.
Whichever way the price goes, we have a plan of action.

Conclusion:
Classic breakout trading after consolidation – wait for directional confirmation before entering a position.

📈 Open trade with $SUSHI ‌
🔗 Chat • X • JioCoinsX

SUSHI2,73%

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