SHIB🐕 triangle breakout
Updated
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Shiba Inu broke this triangle📐 then backtested it's upper edge & local range midpoint (support cluster) and bounced up. I think there is chance for run to 0.00001380 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
Check my recent sucessful SHIB trades:
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Shiba Inu broke this triangle📐 then backtested it's upper edge & local range midpoint (support cluster) and bounced up. I think there is chance for run to 0.00001380 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
- ENTRY: local high @ 0.00001297
- STOPLOSS (SL): local low @ 0.00001278
- TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.00001380
- REWARD RISK RATIO (RRR): 4.4
- INVALIDATION: when SL level hit
Check my recent sucessful SHIB trades:
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active
Order filled ✔️Trade closed: stop reached
Stoploss hit!🛑 Went well but then reversed sharply and reached the invalidation point. RRR is the name of the game...you can lose often but still be profitable as the big winners will make up for the small losers. Not for everyone's psyché anyway!Note
Just play the idea now till the end a check how it eventually went to the target and then dumped. SHIB has memory...
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