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CryptoHotep

$SUSHI | Similar Fashion Here Potentially

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SushiSwap (COINBASE:SUSHIUSD)  
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COINBASE:SUSHIUSD   SushiSwap
Trend Analysis Harmonic Patterns Chart Patterns sushi sushiswap crypto phemex priceaction bollingerbandstrategy swingtrading rsi_overbought supportandresistancezones
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trendanalysis harmonicpatterns chartpattern sushi sushiswap crypto phemex priceaction bollingerbandstrategy swingtrading rsi_overbought supportandresistancezones
SUSHIUSD has done this pattern similarly if you scroll to the right: breaking Bollinger Bands upper band with extreme levels of over bought in an almost TRIPLE TOP fashion. Plus a decent sized bearish candle that followed. Difference we have here is it's being rejected off of a major resistance zone (drawn off WEEKLY). I think we see the beginning of a downtrend which follows suit with the crypto market in general currently. Potential landing points are the support lines drawn off the daily. A safe trade is the STOP LOSS above the SWING HIGH and take profit above the nearest support line but if an avalanche happens I suspect the 2nd support line to be adequate because you also have to take into account the 20 MA and 50 EMA which would be around that area.
Trade fechado: objetivo atingido
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