1000SHIBUSDT.P trade ideas
37.62%1000SHIBUSDTPERP - Long - Potential 37.62%
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (1X)
Entry Zone:
0.007865 - 0.008802
Take-Profit Targets:
1) 0.009123
2) 0.009809
3) 0.012066
Stop Targets:
1) 0.007170
Entry Triggers- Excellent active breakout. Look to move SL to zero after hitting first target as BTC might stall at $35,500.
SHIBUSDT - LONG SETUPSHIB im still looking for this long setup, price is still currently making a correction and has a bearish corrective downtrend on the 4hr and 1hr timeframe i am waiting to see if the market will break above this zone forming a new 4hr higher high if it does, i will look to enter on the retest of this previous resistance.
1000SHIB/USDT - the most shorted altcoin on binance1000SHIB is the most shorted altcoin on binance futures, that I have ever seen - the funding rate on this pair is most of the time -0,75%, which is just completely insane, it means, that people who are in SHORT position on 1000SHIB, they must pay 0,75% of their position every funding period - on the chart, we can see 3 accumulation zones and I really think, that big players are currently accumulating LONGS, because they would be paying extreme amount of money on fees during funding period if they were accumulating SHORTS.
However until we are still below 21 daily MA, I wouldn´t recommend you to enter LONG, but I think this pair is setting the bottom or will set the bottom very soon.