ShineChain (SHE) after the downtrend stopped (maybe temporarily), the coin formed a 60% channel. For 2 months, the price made 4 movements in the channel + 60% 60 x 4 = + 240%. Now the price is at the bottom of the channel, at a very important zone. Also, do not forget that the price has come very close to the downtrend of the main trend. The previous pump pin bar struck her, but the price rolled back.
Watch this area that I highlighted in blue. She decides which trend will dominate in the near future. Do not try to buy "cheap" as it may turn out to be not cheap at all. Do not enter the market of this coin ahead of time. I showed the entry points on the chart. Also do not forget about Stop Loos, as this is an overly risky coin in my opinion. How to work with Stop Loos so that you are not knocked out of the market ahead of time, I have described more than once in my teaching ideas, I won’t repeat myself.
If the price breaks through support and fixes under it, you should forget about the coin for a long time, and wait for a new good entry point.
The coin is mainly traded on Huobi Global, on all other exchanges there is no liquidity and there is a fraudulent increase in trading volume.
TARGET AND ENTRANCE.
(showed the algorithm of work on the graph from the development of the situation on the market of this coin).
There are three options for trading this coin at the moment:
1) The first option. Trading in the accumulation channel in 60% increments with confirmation of support. Goals + 20-60%
2) The second option. Entrance during a breakout or rollback after a breakout of a downtrend line (red line). + 40% and above.
3) The third option. Entrance during a breakout or rollback after a breakthrough of channel resistance. from + 60% and XXX.
4) Breakthrough support channel. If the price breaks through the support of the channel and fixes under it, we are waiting for the price to stop and a new good entry point (which will not be soon). We must not forget that, unlike this local sideways trend (flat), the main trend of this coin is downward!
Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
Watch this area that I highlighted in blue. She decides which trend will dominate in the near future. Do not try to buy "cheap" as it may turn out to be not cheap at all. Do not enter the market of this coin ahead of time. I showed the entry points on the chart. Also do not forget about Stop Loos, as this is an overly risky coin in my opinion. How to work with Stop Loos so that you are not knocked out of the market ahead of time, I have described more than once in my teaching ideas, I won’t repeat myself.
If the price breaks through support and fixes under it, you should forget about the coin for a long time, and wait for a new good entry point.
The coin is mainly traded on Huobi Global, on all other exchanges there is no liquidity and there is a fraudulent increase in trading volume.
TARGET AND ENTRANCE.
(showed the algorithm of work on the graph from the development of the situation on the market of this coin).
There are three options for trading this coin at the moment:
1) The first option. Trading in the accumulation channel in 60% increments with confirmation of support. Goals + 20-60%
2) The second option. Entrance during a breakout or rollback after a breakout of a downtrend line (red line). + 40% and above.
3) The third option. Entrance during a breakout or rollback after a breakthrough of channel resistance. from + 60% and XXX.
4) Breakthrough support channel. If the price breaks through the support of the channel and fixes under it, we are waiting for the price to stop and a new good entry point (which will not be soon). We must not forget that, unlike this local sideways trend (flat), the main trend of this coin is downward!
Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
Trade closed: target reached:
+54 from the entry and exit points when trading in the channel.
+76 maximum price from the entry point
+76 maximum price from the entry point
Trade closed: target reached:
Profit from the first entry point + 166%
Comment:
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✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
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✅ YouTube (Rus): goo.su/vpRzRa2
A 4000% pump is cool isn't it ?? But I hasten to upset you, this is a bad sign. The pump was at such a large percentage due to the lack of liquidity and the low popularity of the coin. Also, the whole manipulation took place on one exchange. Also, there is a high probability that most of the positions the developers came out of.
This means that when trading this coin, you should work only with the minimum goals of the local trend, which I showed in the previous trading idea. No hope of repeating the previous pump, even a tenth of the movement!
The right entry points and the right work with Stop Loss - will make you profit with minimal risk.