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May 17, 2024 at 01:30AM SHIB/USDT: Potential Breakout and Retest - Trade Idea!!
SHIB/USDT: Potential Breakout and Retest - Trade Idea!!

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SHIB is showing some interesting signs on the chart. We've seen a potential breakout from a previous resistance level, and the price is currently retesting that level as support. Additionally, the 100-day moving average (100MA) is acting as potential support.
This could be a buying opportunity for those interested in SHIB. However, it's important to manage your risk. Here's a possible trade setup:
Entry: Current market price (CMP) with potential for adding more on a dip down to $0.000024 (be sure to use a stop-limit order for this)
Target: 80-100% potential profit (be sure to set realistic take-profit orders)
Stop-Loss: $0.00002225 (place a stop-loss order below the support level to limit potential losses)
Remember, this is just an idea, and the market can be unpredictable. Always conduct your own research before making any trading decisions. What are your thoughts on this SHIB setup? Share your analysis in the comments below!
Thursday, May 16, 2024
May 16, 2024 at 02:14PM shiba inu has a crazy nice setup
shiba inu has a crazy nice setup

the price is pinned but its amazingly bullish... lets hope we can make some money!