📈
🔹 Asset: Shiba Inu (SHIB/USD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Falling Wedge Breakout (Bullish Reversal)
📌 Trade Plan (Long Position)
✅ Entry Zone: Around 0.00001543 (Potential breakout + trendline support)
✅ Stop-Loss (SL): Below 0.00001500 (Support zone & wedge invalidation)
🎯 Take Profit Targets
📌 TP1: 0.00001599 – Recent consolidation resistance
📌 TP2: 0.00001648 – Trendline resistance breakout target
📌 TP3: 0.00001705 – Swing high
📊 Risk-Reward Calculation
📉 Risk: 0.00001543 - 0.00001500 = 0.00000043
📈 Reward to TP2: 0.00001648 - 0.00001543 = 0.00000105 → R:R = 1:2.44
📈 Reward to TP3: 0.00001705 - 0.00001543 = 0.00000162 → R:R = 1:3.76 ✅
🔍 Technical Highlights
📌 Falling wedge pattern signaling possible bullish reversal
📌 Price bouncing from trendline and minor horizontal support
📌 Confluence of wedge apex and demand zone = strong entry point
📌 Breakout potential increases if candle closes above wedge
📈 Execution Strategy
📊 Enter near 0.00001543 after bullish candle confirmation
📉 SL below 0.00001500 to limit downside risk
💰 Book profits partially at TP1, trail rest to TP2/TP3
🚨 Invalidation Risk
❌ Clean break below 0.00001500 = Exit trade
❌ Sharp rejection from 0.00001599 zone = Reassess
🚀 Final Take
✔ Oversold bounce + wedge = smart long setup
✔ High R:R with tight risk window
✔ Watch volume + close for entry confirmation
🔹 Asset: Shiba Inu (SHIB/USD)
🔹 Timeframe: 30-Minute Chart
🔹 Setup Type: Falling Wedge Breakout (Bullish Reversal)
📌 Trade Plan (Long Position)
✅ Entry Zone: Around 0.00001543 (Potential breakout + trendline support)
✅ Stop-Loss (SL): Below 0.00001500 (Support zone & wedge invalidation)
🎯 Take Profit Targets
📌 TP1: 0.00001599 – Recent consolidation resistance
📌 TP2: 0.00001648 – Trendline resistance breakout target
📌 TP3: 0.00001705 – Swing high
📊 Risk-Reward Calculation
📉 Risk: 0.00001543 - 0.00001500 = 0.00000043
📈 Reward to TP2: 0.00001648 - 0.00001543 = 0.00000105 → R:R = 1:2.44
📈 Reward to TP3: 0.00001705 - 0.00001543 = 0.00000162 → R:R = 1:3.76 ✅
🔍 Technical Highlights
📌 Falling wedge pattern signaling possible bullish reversal
📌 Price bouncing from trendline and minor horizontal support
📌 Confluence of wedge apex and demand zone = strong entry point
📌 Breakout potential increases if candle closes above wedge
📈 Execution Strategy
📊 Enter near 0.00001543 after bullish candle confirmation
📉 SL below 0.00001500 to limit downside risk
💰 Book profits partially at TP1, trail rest to TP2/TP3
🚨 Invalidation Risk
❌ Clean break below 0.00001500 = Exit trade
❌ Sharp rejection from 0.00001599 zone = Reassess
🚀 Final Take
✔ Oversold bounce + wedge = smart long setup
✔ High R:R with tight risk window
✔ Watch volume + close for entry confirmation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.