May 06, 2025 at 12:28AM Lingrid | SHIBUSDT long OPPORTUNITY from the SUPPORT

Lingrid | SHIBUSDT long OPPORTUNITY from the SUPPORT

SHIB / TetherUS BINANCE:SHIBUSDT

Lingrid

SHIBUSDT is currently trading inside a downward wedge pattern, typically a bullish formation. After reaching the resistance zone around 0.00001567 and forming a lower high, the price retraced sharply. It is now approaching a critical support area near 0.00001186, aligned with the wedge base and previous reaction zones. Bullish traders are watching for a breakout to the upside, while bearish pressure remains within the channel.

📉Key Levels to Watch

• Support zone: 0.00001186 (wedge base and historic demand)
  
• Breakout target: 0.00001390 (near-term rally cap)
  
• Invalidation level: below 0.00001028
  

⚠️ Risks

• A failure to hold above the wedge support at 0.00001186 could trigger a drop toward the March lows at 0.00001028.
  
• Bearish momentum remains strong, and multiple lower highs signal seller dominance unless invalidated.
  
• False breakouts within wedge patterns are common—confirmation is needed before reacting.
  

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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Wojack: Yo Monstralian, guess what—I just found this new coin that’s gonna absolutely crush it this year! It’s tied to AI, RWA, blockchain, Solana, and even AI agents.

Me: Oh really? How’d you hear about it?

Wojack: Bro, everyone’s talking about it all over social media! It already did a 5x from the bottom. I just bought in. This is my shot to finally pull a 10x and make back all the money I’ve lost.

Me: So you’re saying everyone on social media buying now is gonna get that 10x too?

Wojack: Not everyone, man. Some people don’t have the funds, others aren’t paying attention. Only a few of us are smart enough to buy at these prices.

Me: Hmm… but if it’s such a good deal, why didn’t the influencers hype it up earlier, when it was at the bottom? Why only now, after it’s already pumped 5x?

Wojack: That’s ‘cause the project just announced some huge news and big partnerships!

Me: But wouldn’t it have made more sense for them to announce that news when the price was still low?

Wojack: Bro, you’re overthinking this. People who overthink always miss out. I guarantee you’ll be chasing in once it’s up 10x—while I’m the one dumping on you!

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Phone : "Master , he just went all in "
Bogdanoff : He bought ? ...(I let you say it in the comments)

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