Analysis: Using the SK System, we've identified a promising buying opportunity within the shaded region between $1.96 and $1.176 for SUSHI/USDT. This area aligns closely with the Fibonacci retracement zone, specifically between 0.5 and 0.667.
Key Points:
Fibonacci Confluence: The highlighted zone represents a convergence of Fibonacci levels, particularly between 0.5 and 0.667. This suggests a potential reversal or strong support in this region.
Wave B-C Correction: The correction in the B-C wave has been substantial, providing a favorable risk-reward setup. This correction sets the stage for a potential bullish move.
Price Targets: Our analysis indicates an upside target around $1.272. This level is derived from the Fibonacci extension and signifies a possible upward trajectory.
Tight Stop Loss: To manage risk, we recommend setting a tight stop loss just below $1.17. This level acts as a safeguard in case the market doesn't align with our anticipated scenario.
Trade Details:
Buy Zone: $1.96 - $1.176 Target: $1.272 Stop Loss: Below $1.17 Risk-Reward Ratio: Considering the potential upside and the controlled risk with a tight stop loss, the risk-reward ratio appears to be favorable for traders looking to capitalize on a potential bullish movement.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.