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Saturday, May 17, 2025

May 17, 2025 at 09:22AM Lingrid | SHIBUSDT long OPPORTUNITY after PULLBACK

Lingrid | SHIBUSDT long OPPORTUNITY after PULLBACK

SHIB / TetherUS BINANCE:SHIBUSDT

The price has perfectly fulfilled my previous forecast. SHIBUSDT saw a strong rally with an A-B-C structure and triangle breakout, leading to a fake breakout above the resistance zone. After the rejection at the red resistance line, the price pulled back to retest the ascending black trendline, which now aligns with the 0.00001382 level. A bounce here could push price back toward the 0.00001600 target if support holds.

📌 Key Levels

  • Support: 0.00001382
  • Intermediate Target: 0.00001600
  • Resistance: 0.00001727
⚠️ Risks
  • Breakdown below the trendline could retest 0.00001230
  • The blue downward trendline may act as short-term resistance
  • Weak volume could invalidate the breakout attempt
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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