SHIB is forming a nice left-hand portion of a cup formation. Volume is drying up, great support today while cryptos were lower.
150%+ profits if cup formation continues with a strong possibility of a pop when / if a breakout follows if right side of cup forms.
Trade closed: stop reached
taken out by the market today after my limit ordered activated. I will continue to watch SHIB, believing it's correcting with the market and not due to its own weakness.Trade active
back in this position after follow-through day Feb 7, 2022.
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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.