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Thursday, February 8, 2024

February 08, 2024 at 02:52AM SHIB BREAKING OUT?



I know, memecoin. But the chart is the chart, and I had a great trade from the range lows in the 700s up to around 1100 at the range EQ. As I have shared before, price dropped from there and has formed a descending resistance, which is now being tested. My alarm went off, which means it is time to pay attention.

This breakout would look a lot better on convincing volume with more candle spread by the end of the day. If we do get a candle close above descending resistance, the target is once again around 1150 at the EQ. We can discuss higher if we get there.

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