SHIB / TetherUSLong
Shib Inu "Horizontal Channel"BO
A trader may initiate a long position in Shib Inu with a 15-minute time frame, as the price action is forming an "Horizontal Channel" pattern. The entry point is targeted near the 0.3 Fib level at the structure break, with an expected swing high target of $0.00001378 and a protective stop loss set at the recent swing low of 0.00001304. The potential reward to risk ratio is 5.
Trade Setup
Pattern : "Horizontal Channel" Pattern
Time Frame : 15 Mins
Entry Fib Level: 0.00001316$
Target : 0.00001378$
Stop Loss : 0.00001304$
Risk Reward : 5
Trade Setup
Pattern : "Horizontal Channel" Pattern
Time Frame : 15 Mins
Entry Fib Level: 0.00001316$
Target : 0.00001378$
Stop Loss : 0.00001304$
Risk Reward : 5
Related publications
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.