Proptradingtrainer

Trading Idea for SHIBUSDT

Long
BINANCE:SHIBUSDT   SHIB / TetherUS
I see potential POI at 0.00004380

It should be a perfect buying opportunity with stop loss at 0.00004142

Reason;

I usually use Fib retracement as my basic strategy as well as support and resistance . I see a perfect retracement on golden zone 78.6 that is 0.00004365. Take profits are just truly based on inverse FIBS

Stop loss is set at 0.00004142 as it will break 1.00 on FIBS and make a new LL.

Keep you short loss small and profits big

This trade is 1:12.6 risk to reward ratio.

This is not financial advice. Invest only what you are prepared to lose and do not predict the movements, READ the charts.

Best wishes,

Zaki
Trade active: Trade just got active. It retested the POI and reversed beautifully.
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.