TradingView
IkkeOmar
Mar 10, 2024 5:09 PM

SHIB: Potential swing opportunity Long

SHIB / TetherUSBinance

Description

Intro:
Chart speaks for itself. We might see it break below the wedge as many traders currently are long. Try to enter on this retracement.
I've drawn out the relevant levels for liquidity.

Entry zone 1: $0.00001984 - 0.00002290

Entry zone 2: $0.00001520 - $0.00001659

Stop Loss: $0.00001370

Take profit targets:
Target 1: $0.00004560
Target 2: $0.00005016

Comment


As you can see on the adaptive MCVF we are contracting.
The wedge is obviously just to show the range. I do believe that once we see the MCVF begin to expand that we see another breakout.
This is assuming the price of BTC doesn't fall
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