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Wednesday, February 7, 2024

February 07, 2024 at 04:40AM #1000SHIBUSDT dominance of sellers!

#1000SHIBUSDT dominance of sellers!

SHORT #1000SHIBUSDT

1h TF. The instrument has formed a local downtrend with impulsive bearish candlesticks, indicating the predominance of sellers in this case. And the local level of support is confirmed by a lot of touches, indicating the accumulation of unrealized liquidity that participants are striving for.

As an input signal, I expect to see a smooth approach with trading near the level, an increase in activity and volumes before the breakdown.


February 07, 2024 at 01:29AM SHIBA. USDT

SHIBA. USDT

SHIB / TetherUS BINANCE:SHIBUSDT

Currently, It's clear two types of transactions in Shiba:
Scalping vs swing.
First, Not very interesting for scalp traders.
Second, It can be suitable for its holder and even swing trader, If the price breaks 0.236 in Fibonacci and stays above $0.0092.
Otherwise, price reduction to $0.0075 is possible.
""of course, In case of support, there is a high probability of price increase from this point""