The last trade was closed without profit and the price bounced and moved up as expected but remained a bit short of target. Now the price has fell again back to weekly support and a long is favorable here. For a bit better and conservative entry long it when price dips below the weekly support.
Trade closed: target reached
As expected, the weekly support produced the desired bounce. I did not enter this trade as I waited a quick spike dip below the weekly support. But I believe others might have. Anyways, this concludes this idea as the price has already approached the target. A new trade idea for SHIBUSDT, we will look in a new post.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
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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.