A large falling wedge can be seen on the SHIB chart. This is a bullish structure that is breaking out statistically upwards. But it is also worth highlighting the liquidity level of $0.0023.
At this point I would highlight two possible scenarios:
- The first scenario is a correction and a liquidity collection below the liquidity level.
- The second scenario is squeezing and a breakout of the upper wedge boundary.
In the case of squeezing and a breakout of the upper wedge boundary, there might be a good buying opportunity. In the case of a false breakout of the liquidity level, there could also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
At this point I would highlight two possible scenarios:
- The first scenario is a correction and a liquidity collection below the liquidity level.
- The second scenario is squeezing and a breakout of the upper wedge boundary.
In the case of squeezing and a breakout of the upper wedge boundary, there might be a good buying opportunity. In the case of a false breakout of the liquidity level, there could also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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