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October 13, 2024 at 05:51AM SHIBUSDT Breakout on Support

SHIBUSDT Breakout on Support

SHIB / TetherUS BINANCE:SHIBUSDT

traderchamp_

Here we have identified a breakout on support which can be expected to drop down further with the ongoing bearish sentiment. Look over the price action below the highlighted support for a possible short entry.

October 13, 2024 at 12:24AM Shiba (SHIB) – Return to the Right Shoulder of a Head & Shoulder

Shiba (SHIB) – Return to the Right Shoulder of a Head & Shoulder

SHIB / TetherUS BINANCE:SHIBUSDT

rebenga93

On the 4H chart, Shiba shows a return to the right shoulder of a “Head & Shoulders” pattern. The price is near a significant resistance level. If this resistance is broken, the next target is at the upper resistance level.

Trading Scenario:

• Long: If the resistance is broken, aim for the next resistance level to take profits.
• Short: If the price is rejected at the resistance, a pullback to lower levels is possible.