#SHIBUSDT | 1 HOUR TIMEFRAME UPDATE
We can look for confirmation to open a LONG position in the range of $0.00002656 - $0.00002520
The objective for this UPWARD movement is to achieve $0.00002840 - $0.00002960 - $0.00003100 - $0.00003500
Invalidation below $0.00002370
Trading Setup:
There is a Trading Signal to Sell in SHIBUSDT SHIBAINU (1h) (Futures)
Traders can open their Sell Trades NOW
⬇️ Sell now or sell on 0.0000305
⭕️SL @ 0.0000337
🔵TP1 @ 0.0000200
🔵TP2 @ 0.0000147
🔵TP3 @ 0.0000108
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments.
🔍Today's analysis focuses on Shiba Coin (SHIB) in the daily timeframe, where it has recently experienced a remarkable 417% growth, showcasing its significant potential. SHIB is among the most popular meme coins in the market, boasting a large community of loyal holders.
📈Following such a powerful upward movement, a correction is entirely natural and essential for sustaining a healthy trend. A trend line from the weekly timeframe has been broken, indicating the extent of the 417% movement.
🛒Currently, the price is stabilizing, suggesting that considering spot buying within this range could be prudent. If the price begins to correct, waiting for confirmation candles within the range of 0.000015 to 0.000018 could be a strategic entry point.
💎Alternatively, a scenario where the price finds support upon reaching the SMA25 for its next move is plausible. If the market fails to initiate movement upon reaching the SMA, patience for Fibonacci levels may be necessary.
🚀For futures trading, it's advisable to sideline Shiba Coin and explore other options, considering its tendency for volatile movements and potential for easy liquidation.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
SHIBUSDT SHIBAUSDT Short Position Limit
Fractals markets | fibonacci | tesla system
