Jack's Trading Room | SUSHIPERP Sushi Short Review Update

On May 3, 2021, we updated the technical analysis of Sushi in our article "SUSHIPERP: Sushi Gradually Strengthening." At that time, we mentioned in the article that based on the daily chart, the buying conditions were as follows:

On May 3, 2021, we updated the technical analysis of Sushi in "SUSHIPERP Sushi is Gradually Strengthening." At that time, in the article, we mentioned the buying conditions based on the daily chart as follows: - The entry point for long positions is at 14.3237, referenced by the blue horizontal line in the chart. - The stop-loss point is below 10.1023, referenced by the red horizontal line in the chart. After the article was published, Sushi briefly dropped to a low of 12.4898, then rebounded above the initial entry point of 14.3237. The stop-loss point at 10.1023 has not been triggered, and it retraced to 12.6476 at the Fibonacci 50 level during the low point. Long positions can continue to be held before the stop-loss is triggered. After breaking through the previous high resistance level of 15.1930, the following three target price levels can be prioritized: 1. Fibonacci 127.2-138.2 resistance zone 16.5777-17.1376. 2. After retracing to the Fibonacci 50 level, the target price is 17.7384 at the Fibonacci 150 level. 3. Fibonacci 161.8 resistance level at 18.3391, which overlaps with the previous high resistance level of 18.46 on the trend line. Similarly, a breakthrough is expected at the mid to long-term daily high of 23.4442, which can also be considered as a mid to long-term target price. In recent days, the digital currency market has experienced significant fluctuations. It is recommended that operators strictly follow risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article is for personal commentary, please read with caution, as cryptocurrency trading may involve risks to your capital. WeChat Official Account: Jack's Trading Classroom Official Telegram Channel: https://t.me/JackCryptoRoom