SHIB / TetherUS
Long
Updated

SHIBUSDT hitting weekly support, a long is favorable here

429
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.
snapshot
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