SUSHI - We don't know if this is a Selling Climax just yet
Hi,
This is iJustCoin, the one lucky trades who puts money where his mouth is!
The main point of this publication is to cover 2 potential scenarious for SUSHI.
We don't know if this is the Selling Climax or not. Anyway we have to expect another SOW (another push down).
So we have 2 scenarios.
Scenario 1:
This is our Selling Climax. Our preliminary support is 5.2XX-$6 levels.
We may expect the price action to rise up to our Preliminary Support as an Automatic Rally event in PHASE A of accumulation.
Scenario 2:
This is not our Selling Climax and we will go lower. If we go lower the price action might touch $2.5-$3 area.
In that case $3.7-$4.6 price range will be our Preliminary support. And we expect the price action to go up that Preliminary Support.
How to trade?
We have options to go LONG up to Preliminary Support or go SHORT after we see an Automatic Rally.
You may consider to do both you have skills and time.
My opinion
For my mindset at particulary this moment it's looking easier to SHORT Automatic Rally rather than to predict it holding your LONG position.
However i guess i'll try to go LONG risking LESS amount of money and then go SHORT risking little bit more.
***
Chart Code:
Blue Bold Dotted Line - Decreasing of Selling Volume
Puprle Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume
Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
This is iJustCoin, the one lucky trades who puts money where his mouth is!
The main point of this publication is to cover 2 potential scenarious for SUSHI.
We don't know if this is the Selling Climax or not. Anyway we have to expect another SOW (another push down).
So we have 2 scenarios.
Scenario 1:
This is our Selling Climax. Our preliminary support is 5.2XX-$6 levels.
We may expect the price action to rise up to our Preliminary Support as an Automatic Rally event in PHASE A of accumulation.
Scenario 2:
This is not our Selling Climax and we will go lower. If we go lower the price action might touch $2.5-$3 area.
In that case $3.7-$4.6 price range will be our Preliminary support. And we expect the price action to go up that Preliminary Support.
How to trade?
We have options to go LONG up to Preliminary Support or go SHORT after we see an Automatic Rally.
You may consider to do both you have skills and time.
My opinion
For my mindset at particulary this moment it's looking easier to SHORT Automatic Rally rather than to predict it holding your LONG position.
However i guess i'll try to go LONG risking LESS amount of money and then go SHORT risking little bit more.
***
Chart Code:
Blue Bold Dotted Line - Decreasing of Selling Volume
Puprle Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume
Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
***
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