Seems like the bearish divergence on 4h chart is playing out.
The EMA 21 support did not hold.
Overall SUSHI did 100% with little to no correction so I think 30% corrective move is healthy with making HL and continuing with the uptrend.
If we do not make HL and make LL instead or lose $7.5-$8 support, there is a high chance we are gonna revisit the HTF range low (around $6) --> Check out my related idea on why was sushi currently pumping from the HTF pov.
The EMA 21 support did not hold.
Overall SUSHI did 100% with little to no correction so I think 30% corrective move is healthy with making HL and continuing with the uptrend.
If we do not make HL and make LL instead or lose $7.5-$8 support, there is a high chance we are gonna revisit the HTF range low (around $6) --> Check out my related idea on why was sushi currently pumping from the HTF pov.
