SHIBUSDT to head again for 0.00001276 level

The price has almost hit the smaller time frame support just sitting above daily support. It might still go and touch that support. But after that the price shall very likely follow the path L5 as shown in the chart. This definitely will make a case for visiting the 0.00001276 level once again which was the target of the original post.

Comment:

Forgot to put L5 level on the chart. Here is the chart withe the label L5 to avoid any confusion.

Trade closed: stop reached:

Okay. So this idea got invalidated as soon as it lost 0.00001256 level. I will reevaluate and post a new analysis. For now closing this idea post here. That was a quick call without enough effort into analysis and probabilistic calculation. That is why they say, work in a hurry is a job of the devil.