SHIBA seems to have a bearish structure and move downwards in hourly time frames.
We have falling OF (order flow). Recent internal structures have accumulated LQs (liquidity) and formed a resistance zone.
It is expected that by hitting this resistance zone, we will be rejected towards the lower ranges.
In the lower part, we have a liquidity pool. With this downward structure, the price is expected to move towards this liquidity soon
Closing two 4-hour candles above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
We have falling OF (order flow). Recent internal structures have accumulated LQs (liquidity) and formed a resistance zone.
It is expected that by hitting this resistance zone, we will be rejected towards the lower ranges.
In the lower part, we have a liquidity pool. With this downward structure, the price is expected to move towards this liquidity soon
Closing two 4-hour candles above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade closed: target reached
It dropped more than 9% and reached the green box
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Disclaimer
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.