1000SHIBUSDT.P trade ideas
WHAT DOES SHIBA/USDT HAS IN STORE FOR US? MY H4 TF ANALYSIS1. Price is currently testing its minor resistance
at .007538
2. Price was able to hold the ground at
0.006902 - made a bullish correction and
broke through it in a 1 big bullish candle.
3. I'll be waiting for a break and retest of
its current minor resistance level before making an entry
to avoid fake-outs.
4. An impulse to the upside to test our
golden fib levels and a retest back to the support
which is the minor resistance at its current level as of writing this (0.007538)
:Long position invalidated if price breaks through 0.006902 cleanly.
1000SHIBAUSDTPREP { SHIBA INU } - BULLISH SETUPANALYSIS 🔎
- 1000SHIBAUSDTPREP is printing the inversed head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the inverse head and shoulders neckline resistance.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the right shoulder's horizontal suppor level.
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.
1000SHIB: Ready for a breakout?1000SHIBUSI is building up against the 180 EMA, is there a breakout incoming?
I noticed this pair is becoming more popular in Binance futures, so more volume could be coming in.
We are also quite far away from the ATH, and we have ranged for a while.
Now it looks like a few Higher Highs and Higher lows have formed against this resistance.
I'm opening a long position with a pretty tight Stop Loss.
ALWAYS PRACTICE RISK MANAGEMENT.
Shibusdt Ready to blastHello traders!
This pair is Shibusdt, in the future binance option it's 1000shib.
Shib usd is above the 200MA and after forming big J pattern it gave some retracement to the support area now it ready to blast.
After breaking the previous high it will pickup the speed. Previous high is also a position to buy more.
The target is 70% of the investment, to boost the profit you can buy with 5x.
Don't forget to hit the like button and follow to stay connected.