Hello Traders!
The SHIB price is on the way out of the downtrend and is testing the MA100 on the daily timeframe.
A less risky option is looking at buying after the price exits above $0.00003100
It is possible to try purchasing at the early stage during exit from the downtrend, in the range of $0.00002550 - $0.00002750
It's rational to place the stop-loss under the price level of $0.00002000.
The targets will be the price levels of $0.00003800 and $0.00004500
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
The SHIB price is on the way out of the downtrend and is testing the MA100 on the daily timeframe.
A less risky option is looking at buying after the price exits above $0.00003100
It is possible to try purchasing at the early stage during exit from the downtrend, in the range of $0.00002550 - $0.00002750
It's rational to place the stop-loss under the price level of $0.00002000.
The targets will be the price levels of $0.00003800 and $0.00004500
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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.
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.