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SHIB / TetherUS
Short

SHIB (Shiba Inu) Technical Analysis & Short Trade Setup

193
SHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high.

Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
fxtraderanthony
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Chart PatternsshibshibashibaforecastshibainushibainucryptoshibanalysisshibausdshibausdtSHIBUSDTTrend Analysis

Disclaimer

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Chart PatternsshibshibashibaforecastshibainushibainucryptoshibanalysisshibausdshibausdtSHIBUSDTTrend Analysis
fxtraderanthony
👀 🚀 Clarity In The CHAOS - See 'Buy/Sell Signals Built To WIN' Video: 🔥💰
🔗 youtu.be/HmO91TrA9cM
👉Join Our Free DISCORD For MORE:
🔗 discord.com/invite/PcBeCdwVQq
👉 LinkTree:
🔗 linktr.ee/anthonyborn
Also on:

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.