$SUSHI The price pulled back from 0.2838 and formed lower highs, while the Supertrend turned red at 0.2695. This supports the continuation of the correction, but the price is currently close to support at 0.2568, so chasing the downside may lead to a late entry🚫🚫.
In my opinion, the best approach:
If you want a good short, it is better to wait for a bounce toward 0.2695–0.2720 and then a clear rejection.
Invalidation of the short scenario: reclaiming 0.2695 and holding above it, especially if price breaks above 0.2720.
If support is broken, the next level I am watching is 0.2416. But if price bounces from support, we may see an upward correction before any new decline.
Conclusion: I lean short, but I prefer waiting for confirmation instead of entering in the middle of the move.
#sushi