bizmark

SHIB ready to pump again?

Largo
bizmark Actualizado   
BINANCE:SHIBUSDT   SHIB / TetherUS
Shiba Inu seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 0.00004120 and even higher. Will SHIB get it's bone?🦴🐕
  • ENTRY: local high @ 0.00002787
  • SL: local low @ 0.00002540
  • TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00004120
  • RRR: 5.4
  • INVALIDATION: when SL level hit

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Operación activa:
Order filled ✔️
Comentarios:
Running well. We need to break these 2 resistances (shown on chart below) to get to the target. 🦴
Comentarios:
SHIB's next try to break the resistance:
Comentarios:
Failed again, resistance still holding. Strong selling pressure. Will the orange uptrendline support the price and boost it higher?
Comentarios:
Going as expected. Orange uptrendline providing support while the resistance didn't allow price going higher. I think the price could break up through the resistance in a few hours.
Comentarios:
So SHIB broke down actually. Now needs to hold the support zone - previous local range high (BUY STOP-LIMIT blue), range midpoint (lime) and triangle lower edge (yellow uptrendline)
Comentarios:
The BUY STOP-LIMIT (entry point) holding quite well for now. Will we see sort of price action like this? 👇
Comentarios:
Bounced up to the red downtrendline and now is back down testing the yellow uptrendline. Will it hold?
Operación cerrada: precio stop alcanzado:
SL hit. The yellow uptrendline didn't hold and SHIB got slammed. I'm out, but monitoring further. Will post new idea if I see anything.
Comentarios:
New idea down below, posting here bit late:

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