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SamTheNoviceTrader

RSI screaming overbought

Short
SHIB / TetherUS (BINANCE:SHIBUSDT)  
SamTheNoviceTrader  
BINANCE:SHIBUSDT   SHIB / TetherUS
Trend Analysis
9
1
trendanalysis
I got no hate for Shiba, but the fact is weekly RSI is at 88 and the 4-hour trendline is broken. What I imagine would happen is a test of the daily trendline and the support at 0.000058.
Short Shiba
Target: 0.000060-58
Might go even lower but I suggest taking profits there.
Stoploss: break and confirmation of the descending channel.
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