sqr00t

Don't lose money on shitcoin shills!

sqr00t Updated   
BINANCE:SHIBUSDT   SHIB / TetherUS
Never put anything in SHIB but been watching the pumps on the sidelines with TA.

Shills tried hard to keep fomos in, restraining the inevitable Wave B of EW.

Here is an almost symmetrical triangle with strength from the bears at the tops, which are supply zones to challenge
after wave C completes in a few days minimum before re-accumulation can commence.

Those still holding on after seeing the loss in momentum on the 4-hr Bollinger Bands as mean reversion takes place to
the 20MA (4hr) are in for a drop to 0.00003200 or more, before slowing down at 0.00003000.
Comment:
Meh. Apes be strong but are they strong enough to overturn 4250sats?
Comment:
15-minute bearish doji engulfed. Might just be noise but one rule of thumb after a high:

1. A supply range is established by the topping candles.
2. Supply range gets tested at least once.
3. Usually breakout happens after a 2nd retest of supply.
Comment:
Momentum died after poking at the supply Fib top.

Sell signal at bearish engulfing doji candle, later forming a head and shoulders on 15minute chart.

Entered short on 0.00004269.
Trade closed manually:
Accumulation pattern confirmed 7am GMT.

Final supply test 8:30am and subsequent breakout impulse.

Good luck bulls @0.00004700
Disclaimer

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.