SHIBUSDT
#SHIB SHIB has broken the downtrend, sustained above the resistance, and completed the retest. This gives us a bullish signal. We can position ourselves accordingly.
#SHIB SHIB has broken the downtrend, sustained above the resistance, and completed the retest. This gives us a bullish signal. We can position ourselves accordingly.
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SHIB is showing some interesting signs on the chart. We've seen a potential breakout from a previous resistance level, and the price is currently retesting that level as support. Additionally, the 100-day moving average (100MA) is acting as potential support.
This could be a buying opportunity for those interested in SHIB. However, it's important to manage your risk. Here's a possible trade setup:
Entry: Current market price (CMP) with potential for adding more on a dip down to $0.000024 (be sure to use a stop-limit order for this)
Target: 80-100% potential profit (be sure to set realistic take-profit orders)
Stop-Loss: $0.00002225 (place a stop-loss order below the support level to limit potential losses)
Remember, this is just an idea, and the market can be unpredictable. Always conduct your own research before making any trading decisions. What are your thoughts on this SHIB setup? Share your analysis in the comments below!
the price is pinned but its amazingly bullish... lets hope we can make some money!
Hello guys,
I've entered a short position as breakout started to happen in the lower timeframes and this is my plan for this trade.
Stop loss is set to the lower channel and long is set to the high of the channel.
Shiba can grow by 300%.
After exiting the triangle, wait for Shiba's pump to reach the drawn area.
Keep an eye on #SHIB. It is testing the triangle resistance and Ichimoku cloud on the daily chart. In case of a breakout, the targets are:
$0.00002757
$0.00003184
$0.00003712
$0.00004567