SHIB breaking out?
Updated
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Shiba Inu seems to be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001204 following the orange uptrendline. I'm already long anticipating the triangle breakout. Interestingly enough the target coincides with the downward channel upper edge (cyan) on Daily timeframe:
Is SHIB going to test it?
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Shiba Inu seems to be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001204 following the orange uptrendline. I'm already long anticipating the triangle breakout. Interestingly enough the target coincides with the downward channel upper edge (cyan) on Daily timeframe:
- ENTRY: local high @ 0.00001076
- STOPLOSS (SL): local low @ 0.00001025
- TARGET: height of the triangle projected from midpoint of the local range (BUY - SL) @ 0.00001204
- REWARD RISK RATIO (RRR): 2.7
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade closed: target reached
Target hit 🎯, what a rocket! Perfect trade!Note
It went really well, check the callouts commenting the price actionNote
So SHIB still testing the channel upper edge, check the daily timeframe:Note
Here👇 comes fresh new setup. Check it out!
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