Hello everyone, let's take a look at the SHIB to USDT chart on a 1 day time frame. As you can see, the price is moving below the local downtrend line and is approaching its side exit.
It is worth starting with setting a stop loss, which we should take into account in the coming hours. As you can see, we chose 4 stop losses:
SL1 - $ 0.00001170,
SL2 - $ 0.00001109,
Now let's move on to defining the goals of price and as you can see, the first is at the T1 level - $ 0.00001211, which the price is currently struggling with, the next is at the T2 - $ 0.00001399 level, the next is T3 - $ 0.00001552.
Looking at the CHOP indicator, we can see that we collect more and more energy in the 1-day interval, and the MACD indicator does not indicate a downward trend.
It is worth starting with setting a stop loss, which we should take into account in the coming hours. As you can see, we chose 4 stop losses:
SL1 - $ 0.00001170,
SL2 - $ 0.00001109,
Now let's move on to defining the goals of price and as you can see, the first is at the T1 level - $ 0.00001211, which the price is currently struggling with, the next is at the T2 - $ 0.00001399 level, the next is T3 - $ 0.00001552.
Looking at the CHOP indicator, we can see that we collect more and more energy in the 1-day interval, and the MACD indicator does not indicate a downward trend.