Hi friends! Shiba inu making lower lows and lower highs. I thonk that this downtrend can change soon and it will be nice to open local ans swing longs.
✅Take a look on the volume indicator. As you can see the volume growth at the bottom indicating about amazing entry poiny to long. Now we can expect the same situation with nice pullback to our targets.
📊 Where is this point to open a long? I recommend you to open a long following this preconditions: 🔥 local pullback with the volume growth 🔥 squeeze to the upper boundary of the channel 🔥 bullish BTC 🔥 DOM and Footrpin indicates the large volume orders to BUY
🚩 The second scenario is the fall to the closest value area of $0.0076-0.0084. Additionally, there is the lower boundary of the channel. The channel+value aea could bevame the huge support fot the price. The targets are the same.
📊 My targets for SHIB: 1. $0.0117-0.0127 2. $0.0155-0.0165
🔥My recommendation is to book at least 25-30% of profit and set sl to breakeven, when the price reach losest target.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
Trade active
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🔥Hi friends! Shib reach our FIRST target. We make +20% from the entry point.
Check what I expect for SHIB according to the current market conditions.
Trade closed: target reached
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Comment
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🔥Hi friends! Shib continue to follow our trading plan and make +40-45% move to $0.00152. Congratulation to traders that follow this scenario and made a profit!
I make a new trading plan for you with the 3 targets. I recommend you to check it, because there is no second chane to open a trade on the possible bottom with highest RR.
@SwallowPremium, thank you! Hope you use this pullback to buy some shibs
bizmark
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Thanks for your analysis Yuriy. I have opposite bias so it will be interesting to see how this plays out. Cheers!
jan96
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Good idea to make some nice swing profits. Wouldn’t hold shib long term however, as I believe it will be one of the tokens disappearing in the next bull cycle.
Yuriy_Bishko
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@jan96, have similar expectations about SHIB a lot of popularity, but the project is not developing at all
AtlasTrades
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I agree with your opinion, shibusdt can go by your plan
Solldy
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I think it might work. Before reading the idea, I did my own analysis of this asset and also came up with a similar scenario for the price movement.