Hello crypto community and SHIBA INU fans , In this analysis I gonna talk about shibusdt in 4h time frame .
Price has pumped by more than 50% recently and tested the pivot range area and reacted .
it declined today and In this case I consider it as a correction right now , although it can go down even to retest support area .
but we are witnessing a cross for 20EMA and 50EMA which is a bullish signal to open long position as soon as price will start growing.
so we can consider both short and long position right now.
but for long position I'm personally waiting to close above pivot range and have a pulback.
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Price has pumped by more than 50% recently and tested the pivot range area and reacted .
it declined today and In this case I consider it as a correction right now , although it can go down even to retest support area .
but we are witnessing a cross for 20EMA and 50EMA which is a bullish signal to open long position as soon as price will start growing.
so we can consider both short and long position right now.
but for long position I'm personally waiting to close above pivot range and have a pulback.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Trade closed: target reached
the short target exactly reached more than 40% profit🎯💰so now we can long 1step on the support level by setting stop loss below support zone
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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.