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February 23, 2024 at 03:07AM SHIB not moon long🚀

SHIB not moon long🚀

Hello,

I noticed an upward divergence on a weekly basis with a target towards the supply zone.

EP:0.008728
TP:0.025812
SL:0.008121

After reaching 0.0146, it is recommended to hedge the position at zero and take part of the profits.

Don't give advice, make wise decisions.


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February 20, 2024 at 11:35PM SHIB (Shiba Inu) Technical Analysis & Short Trade Setup

SHIB (Shiba Inu) Technical Analysis & Short Trade Setup

SHIB / TetherUS BINANCE:SHIBUSDT

SHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high.

Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.