In a previous idea we went in-depth exploring the fundamentals of SUSHI-SWAP. To recollect some main points… I think🤔🍣 very strong token💪
-It is relatively new👶
– SUSHI has teamed up with Polka-DOT🟣 to create a cross-chain🔗⛓ DEX🌏💲📱.
-ETH owners can earn 🍣 for free by depositing ETH into SUSHI’s liquidity pool. Those are just a few things.. 1️⃣2️⃣3️⃣ amongst many that give high utility to 🍣.
Despite this token being fundamentally strong, I do expect to see some more downfall⏬ as we are in a slightly🤏 market🐻. SUSHI-SWAP seems to have broken❎🔽 a strong support❗, we had at ~$14.3, since then we have seen some major downward movement.
After our recent downward move from 💲14.1 to 💲10 😬 ( yikes that’s a big jump for just a few days🏳🆘,) we have seen a 30% fib retracement upwards🆙.. That means SUSHI 🍣 can now make a move🏃♀️🤸♂️ down 60% or more. In that case, I have detailed some targets that I believe we have the possibility to see in the next couple of days🌞🌚⏰
🛑🛑🛑This is not financial advice, always have a stop🤚🛑💲 loss set⏩⏩ (Here would be ~💲12.0,) 🛑🛑🛑
It is a good idea to always monitor 🧐👀 BTCs movement when making any trade
SUSHI-SWAP is correlational to ETH as well so keep that in mind
Any thoughts 💭🤯, questions 🖐❓🙋♂️🙋♀️, happy😃, sad😥, like👍 or dislike 👎 welcome in comments below!👇😄