Lingrid | SHIBUSDT Potential Rally to Key Resistance Zone
SHIB / TetherUS BINANCE:SHIBUSDT
SHIBUSDT is consolidating above the key support at 0.00001373, sitting right at the intersection of the upward trendline and a major structure retest. A wedge pattern suggests cooling pressure, with the setup favoring a bullish breakout if buyers step in near this confluence. The key target lies in the 0.00001727 zone, aligning with prior highs inside the resistance channel. A breakdown below trendline support would invalidate this bullish outlook.
📈 Key Levels
- Buy zone: 0.00001350 – 0.00001373
- Buy trigger: breakout above wedge and upward trendline defense
- Target: 0.00001727
- Sell trigger: close below 0.00001350
- Weak volume on breakout may signal a fake move.
- Sudden volatility from BTC could derail recovery.
- Failure to hold the trendline flips structure bearish.
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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