According the chart, it looks like SHIBUSD is simply digesting the large gains it had last week in a short amount of time. It appears to be respecting this bull flag pattern during its choppy consolidation on the hourly chart. If you look at the Daily chart, it is just resting as a high tight flag which shows extreme bullishness. I have a stop set below the...
I trend followed this on the Hourly chart and saw it seemed extended from the 8 EMA and I almost doubled the position. I decided to go ahead and book the profits as a psychological boost as I do think this goes higher for sure. I just want to ensure that I am patient and wait for the next pullback on the Daily chart for a low risk entry back into the trade.
