Hypothetically Trade advise
The chart for SHIB/USDT on the 4-hour timeframe appears to be forming a potential "Double Bottom" pattern, which is typically considered a bullish reversal pattern. This pattern is characterized by two distinct lows at approximately the same price level, indicating a level of support. The price action between the two lows often forms a peak, known as the "neckline."
- Entry:0.00001500 (upon confirmed breakout)
- Stop-Loss:0.00001250
- Take-Profit:0.00001700
- Entry:0.00001500 (upon confirmed breakout)
- Stop-Loss:0.00001250
- Take-Profit:0.00001700
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