Cena Sushi FighterSUSHI

$SUSHI - Testing Key Pivot at Make-or-Break Support Here's the setup I'm tracking on the daily chart: Current Price & Context: SUSHI is trading at $0.2898, caught between clear technical levels. The overall market sentiment is Bearish, and the Fear & Greed Index is at 23 (Extreme Fear). Fundamentally, the protocol is undergoing a transition with new leadership and a strategic investment aimed at scaling revenue. Level to Watch: The immediate daily pivot point is $0.2894. Price action around this level will dictate the next move. Signal & Target: A sustained break and close above the first resistance at $0.2967 (R1) could signal a short-term relief bounce. The next target would be $0.3003 (R2). A stronger bullish signal would be reclaiming the $0.31 zone, which could open a path toward the 50-day Simple Moving Average near $0.39. Invalidation (The Critical Risk Level): This setup is invalidated on a sustained daily close below the key support at $0.2786 (S1). A break below this floor would signal a failure to hold and likely trigger a test of the next support at $0.2749 (S2) and potentially the recent lows. Stop: Below $0.2786 | Bias: Neutral/Cautious. The 14-day RSI at 35.35 shows the market is not deeply oversold, and all major moving averages signal "Sell," indicating the broader trend is still down. Any long idea is a counter-trend play and depends on holding support. This is a technical setup for educational purposes. It is not financial advice. Always define your risk and conduct your own research (DYOR).

$SUSHI bouncing from the lower edge of the 3D descending channel Momentum trying to flip here

Bullish on $SUSHI This is my position for $SUSHI Entry: 0.321 TP: 0.34-0.36 SL: 0.30

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