Previous SHIB Probable Trade Setup
Falling Wedge
NAILED IT!
Current SHIB Probable Trade Setup
Rising Wedge
Use proper risk management. Take proper entries in parts.
NFA.DYOR.TAYOR
Shib is a great asset to trade as it moves around a lot. It can be very unpredictable but it seems that it is at a big resistance level. If this double top is created and holds a nice rejection then a decent short could be played from this level. Move your stops to BE once you get into a decent amount of profit. Also keep your stop close so you dont lose to much if this keeps going. Bitcoin seems to be finding a decent rejection so I would assume shib would follow the rest of the market.
I'm waiting for a short position in SHIBA chart as I've shown in the chart.
