SHIBUSDT may pullback to closest 4h support area
Updated
Price may tap this 4h support region in this pullback. But before this pullback, probably price might revisit0.00001544 level. Though current price level 0.00001526 is a good candidate for the next leg down to begin from here.
However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there which might provide the bounce to the price a bit early than the marked 4h support region.
A better entry for a better R:R would be to wait patiently for the price to touch 4h support area.
However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there which might provide the bounce to the price a bit early than the marked 4h support region.
A better entry for a better R:R would be to wait patiently for the price to touch 4h support area.
Note
Of course stop loss for this idea shall be 0.00001563 level.Trade closed: target reached
The price just bounced from 1h support area instead of fully retracing to the 4h support which is 1% above that 4h support. The same was also mentioned in the post that there is a chance of a bounce from 1h support area instead of tapping the 4h support.
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