angela_altair

SHIBUSDT likely to head down to weekly support around 0.00001026

Short
angela_altair Updated   
BINANCE:SHIBUSDT   SHIB / TetherUS
The price is trading below the daily support currently. Let us try a short here as it seems favorable and target the weekly support zone around 0.00001026.
Trade closed: target reached:
So as expected and mentioned in the post, the price headed towards weekly support zone and bounce back strongly just before touching the zone. The bounce led the price to hit daily resistance and it has again retraced back from there. We check the probability of price action in a new post.
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