Short term bullish

Bullish short term as shiba is making a bullish hidden divergence as shown on the chart.
Not a financial advice.
Bullish short term as shiba is making a bullish hidden divergence as shown on the chart.
Not a financial advice.
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πAlbroks setupπ
π (Entry) : buy = 1059
π΄ Stop Loss : 1031
π― Take Profit : 1088-1122
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π¨π Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Shib vs Usd Buy level
0.00001030 to 0.00001090
Target 0.00001550 to 0.00001590
All Level Clear
π SHIB, a notable player in the market, is currently advancing towards a critical supply area. Recently, SHIB faced a strong rejection at this juncture. For continued upward momentum, SHIB needs to break through this supply area. A confirmed breakout, probability could set the stage for SHIB to progress towards our identified strong resistance area.
π However, should SHIB struggle to breach this resistance and instead consolidate at this level over the next few days, it might face another rejection. Such a development could lead SHIB to retreat towards the support level at $0.00092.
π The support area at $0.00092 plays a pivotal role in SHIB's trajectory. A robust bounce from this level is necessary for SHIB to attempt another breakout of the supply area. Failure to sustain and rebound from this support could indicate weakening buyer momentum, raising the possibility of losing this support level. If SHIB breaks below this support, it could be directed towards the lower bullish OB area.
Mock Up Price Action for
SHIBUSDT | Mid Term (12HR)
- Watching and waiting for opportunities
- I've got 'Crazy', 'Crazier', and 'Dafuq' Mapped Out
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
- I do this not to predict the price, but rather, to prepare myself and have a plan for all possible scenarios playing out. So that when the time comes, I can make an informed decision with multiple contingencies having monitored the price action over time and in consideration of multiple scenarios (however unlikely they may be) playing out