Good example of SHIBUSDT 30M Order Block and Daily 26EMA confluence Long. I consider a bullish order block to be a red swing low candle followed by a green candle that closes above the red candle open (green candle must close above to satisfy my definition of order block). The Daily 26EMA is also a strong dynamic support line if price is staying and closing above. Take profit areas are previous 4HR order blocks and breakers as well as the Daily 12EMA. Solid 37% move and 6.5 RR trade.
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.