$46,000 seems to be a holding support after our 3 sell attempt...Our bias on the 4H is still to sell BUT from a much higher price depending on how we get the pullback.
If you missed the initial push on SHIB we just had roughly 80% discount to attempt a buy again for 5X your risk.
We got stopped out from our original entry which is completely okay...now we get to attempt another sell from a much higher price. Target 2.4 RR
simply price action 1st Target $0.75 2nd Target $0.60
We reached our 1st Target of $46,000 but we're not complete out of the channel yet...Once we breach the channel then perhaps our next Target of $40,000
We currently failing to breach the descend trendline to a much better price to sell...Re attempting the sell again with caution 1st Target $46,000 2nd Target $40,000
Long term projection on GOLD 1st Target 2.5R 2nd Target 4.5R
We managed to achieve our 1st Target on this idea...Moving forward Im still bearish short term and perhaps we'd re-attempt our sells again from a much higher price depending on how price develops
Im looking at an inverse head & shoulder for a while. I got in too early on my initial idea and missed the best discounted price which is completely fine as long as you learn from each idea. BUT...there's still room to catch this move from a lower timeframe
A little update from my previous idea... Initial Entry was a little too early and was all part of the 4h range 1st Target 2R
I got back into the sell again from my previous idea