SHIBUSDT has hit the daily support. However, the weekly support is also sitting very close under this current daily support. A possibility to visit the weekly support level cannot be ignored. I will expect a bounce towards the 4h resistance level around 0.00001095. By the way, if patient, price hitting weekly support will give a better long opportunity.
The price was rejected from the 4h resistance and have now hit the 4h support area. I expect this support to provide enough bounce to the price to aim for the 4h resistance zone again.
The market may not be bullish these days, but like a horse it is gaining energy to move and show its energy and climb and start the Altcoins season.
In the explanation according to Fibonacci and channel, it can be seen that the price reaches the first target equal to Fibo 0.382 after going through the ascending channel, and after a possible reaction to this level,...
Shibu coin daily chart
SHIBU have strong support near 0.00001222
If you get any reversal sign like hammer candle formation or double bottom use that to buy.
Bullish trend breakout level is 0.00003555 .
Based on my TA SHIB is forming a double bottom,
I'd enter this trade with a break and a conformation above the neckline so enter: $0.000079 - $0.000081
SL: $0.000065
TP1:$0.000087
TP2:$0.0000946
TP3:$0.00105
TP4: $ 0.000118
What do you think of this trade?
