Got a request from one of my loyal followers about my outlook for #SHIB so here it is 🙏
We just did undergo a HTF breakdown below an obvious TL & more importantly, the range
A good thing to note is that there was ZERO follow-through after the breakdown and since then the price has managed to buyback
For now however, just a bearish retest, to be fully convinced it needs to do a little bit more and reclaim the HTF range above $900c
If so, then the next target is the mid-range and top of it at $1700c
For even more HTF look I'd love it to accumulate in this range till the end of 2024, then bull market breakout
We just did undergo a HTF breakdown below an obvious TL & more importantly, the range
A good thing to note is that there was ZERO follow-through after the breakdown and since then the price has managed to buyback
For now however, just a bearish retest, to be fully convinced it needs to do a little bit more and reclaim the HTF range above $900c
If so, then the next target is the mid-range and top of it at $1700c
For even more HTF look I'd love it to accumulate in this range till the end of 2024, then bull market breakout
Trade active
Update SHIB/USDT+25.44% PROFIT.
ENJOY GUYS.
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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.