SUSHI time to Long?

SUSHI / TetherUS BINANCE:SUSHIUSDT

kjrthi

Based on the trend Fibo, Sushi is trying to turn the 0.786 (3.5 USDT) into a local support.
If the weekly closes above this support then Sushi will hit the 0.618 (5 USDT) easily the next resistance. and it will further try to spike until 6 USD which is the 0.5 of Fibo the next strong resistance.
and around 6 USDT SUSHI is touching / going to retest the downtrend line (yellow line). couple candles close above will easily make way to 10 USDT.

Entry : 3.65
TP1 : 5.03
TP2 : 6.11
SL : 2.78

Plan your leverage accordingly, if you have the same idea as me 🙂

Safe trading!

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