Mock Up Price Action for BINANCE:SHIBUSDT | Mid Term (12HR) - Watching and waiting for opportunities - I've got 'Crazy', 'Crazier', and 'Dafuq' Mapped Out
Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news - I do this not to predict the price, but rather, to prepare myself and have a plan for all possible scenarios playing out. So that when the time comes, I can make an informed decision with multiple contingencies having monitored the price action over time and in consideration of multiple scenarios (however unlikely they may be) playing out