Hi traders!
Today we are going to have a look at SHIBUSD chart on 4 hour time frame. SHIBUSD has been moving inside a descending channel pattern. We are expecting the price moving down to horizontal support which would be our entry for long position. Eventually we expect the price to break out of the pattern upwards and challenge the resistance line. We set our target at the resistance line at 0.00000860.
Today we are going to have a look at SHIBUSD chart on 4 hour time frame. SHIBUSD has been moving inside a descending channel pattern. We are expecting the price moving down to horizontal support which would be our entry for long position. Eventually we expect the price to break out of the pattern upwards and challenge the resistance line. We set our target at the resistance line at 0.00000860.
Trade active:
entry has been reached. long position activated
Trade closed: stop reached:
stop hit
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