⚡️ Market / Price Context
SUSHI is showing signs of recovery after enduring three strong selling waves. The recent reclaim of its previous trading range marks an important shift in market structure, suggesting that selling pressure has eased and buyers are beginning to regain control.
📈 Chart Explanation
The reclaimed range represents the key technical feature of the current setup. If price establishes sustained acceptance above this area, the completed manipulation phase could support a continuation toward higher levels. A retest of the highlighted gray zone would reinforce the structure and help validate the recovery.
🎯 Entry Decision
Rather than entering immediately after the reclaim, the preferred approach is to wait for confirmation that price can hold above the reclaimed range. A successful retest of the highlighted gray zone may provide a higher-probability entry with a more favorable risk-to-reward profile.
💰 Execution Plan
The strategy focuses on monitoring price action around the reclaimed range and the highlighted gray zone. Confirmation of support at these levels, combined with disciplined risk management, remains essential before considering a position.
📈 Outlook
The bullish outlook remains valid while SUSHI continues to hold above the reclaimed trading range. Sustained acceptance above this level could provide the foundation for the next move higher.
