DoozerInvest

SHIBUSDT Breaking Main Support

Long
OKEX:SHIBUSDTPERP   SHIBUSDT Perpetual Swap Contract
It's looking like the long position here may have been invalidated. Although, with a bounce of the upper line of the descending wedge , it may still be valid. However, if this breaks downward into the wedge and breaks the second support level , I wouldn't be looking to go long until price reaches the target-buy-zone shown on the chart. With a bounce off the upper line of the wedge , and with a move back above the main support level , I would be looking to get back into a long position. This not financial advice. DYOR

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.