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SHIBUSDT
💡Market Analysis:
Price has broken above the major descending trendline with strong bullish momentum (solid body breakout). Following the strategy, we look for entry on a pullback to the broken key zone with invalidation below the recent swing low.
Key Support & Resistance:
🎯 Trade Entry & Exit Plan:
⚠️Risk Management:
Maximum 1% risk per trade.
❤️Please share your thoughts and comments on this analysis!
💡Market Analysis:
Price has broken above the major descending trendline with strong bullish momentum (solid body breakout). Following the strategy, we look for entry on a pullback to the broken key zone with invalidation below the recent swing low.
Key Support & Resistance:
Key Resistance: 0.00000660 / 0.00000940
Key Support Area: 0.00000500 - 0.00000410
🎯 Trade Entry & Exit Plan:
- Entry: Breakout/Pullback of trendline or key zones with >80% candle body.
- Stop Loss: Behind the last wave or the last breakout candle.
- Take Profit: Minimum R:R 2, with further targets at major horizontal levels.
⚠️Risk Management:
Maximum 1% risk per trade.
❤️Please share your thoughts and comments on this analysis!
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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.
Related publications
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.
