Lingrid | SHIBUSDT fake BREAKOUT of the WEEHKY Lows for BINANCE:SHIBUSDT by Lingrid

Lingrid | SHIBUSDT fake BREAKOUT of the WEEHKY Lows

moved lower, forming an ABCD pullback. It created a false breakout of the last three weeks' lows, resulting in a long-tailed bar on the weekly timeframe. The market has respected the downward trendline and recently bounced off it. With the price rolling back above the PWLs, there is a possibility that it may retest that level again. When zooming out, the strongest support level appears to be around 0.000019. The price could potentially move toward this level again. However, in the midterm, I expect that the market to at least retest the LH and potentially the zone above it. My goal is resistance zone around 0.000023

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Trade closed: target reached

+9% DONE!

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