SHIBUSDT may pull back after a good bounce from weekly support
Updated
How about giving this short a chance. It seems the price may want to visit at least the green zone under after such a strong bounce from weekly support. It is a tight call but probability is in our favor though not that strong.
Trade closed: target reached
The price has hit the target zone and even went beyond briefly after trading around the entry zone for longer than expected. However, since the entry point was good, it was comfortable to stay in this trade (though being a short trade) even if it took quite long to hit the target.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
Disclaimer
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.