2021-05-06 12:58:47
We have another free trade foe everyone. Clients have already entered a long for SUSHI at daily support of $12.5.
However, price has pushed up strongly and is now above another daily support which is a good place to long once again. Everyone can place their longs in there.
SUSHI is breaking the downtrend line, if this happens, we're expecting new highs and a target of $29.50. This is a spot and futures trade.
With futures, profits can be taken at $17.8, $20.3, $25.5 and finally $29.50. Spot can be held for a little longer.
Since this is the daily chart, stop loss is a spot stop of about -12.3%. It's the best that could be done.
https://www.tradingview.com/x/eXToPdr0/
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