SHIBUSDT heading for next 4h resistance zone around 0.00001320
Updated
The price has closed above the 4h resistance which was holding the price back for long. This kind of clears the way for move up to the next resistance zone. That resistance might not be that strong and price can then head for the next resistance level marked on the chart. A possible price path has been depicted. However, let us go step by step and then do the reevaluation of the next possible path. Therefore let us focus first on step L1.
Trade closed: target reached
The price hit the 4h resistance level around 0.00001320 and even went a bit beyond before falling back as was expected and proposed in this idea. It was mentioned that we focus on path L1 first and then reevaluate. That target is achieved. I did not get time to reevaluate the price action after the L1 step. However, price fell further and almost hit the weekly support again. Closing this idea here as the target of this idea post is achieved. A new analysis of price action and probable direction and levels will be published in a new post after a reevaluation.
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