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Shibacoin

$SHIB bullish breakout confirmations?continuation of the last idea: Shiba has now broken both the descending wedges + the RSI trend line on the 4h and the 12h + shows confirmation of Bullish Divergence on the 4h, which has developed into the pump of ~40% we've seen today. RSI has cooled down in all timeframes and we are breaking out from the main RSI downtrend on the Daily as well while volume is increasing with closing green candles. Currently retracing and holding shorter EMAs in most timeframes. Expecting the next pump to retest the area of .00006500 where a 0.5 fibb might show strong support for further upside towards ATH.
Long
by a_stonk_a_day
Play with the Dog- i never been a fan of memes coins but they are fun, i hodl some and trade some on good momentums. - if u wanna play with Shiba i give u a simple strategy. (i will speak with round numbers and take out useless 0.00000XXXX in my speach) - As you can see on the graph Shiba is oscillating between 2 specifics zones (550-950) - so the way to adapt your trades is very easy : --------------------------------------------------------------------------------------------------- - if Shiba knock down 550 Buy. - if Shiba goes around 950 Sell and wait. (X2 profits) - if shiba strongly pass 1000 buy more around 1100 and wait for TP1 around 2350. (X2 Profits) - Take your profits and keep some Shib on the go to 5250. --------------------------------------------------------------------------------------------------- The worst case should be if Shiba breaks down from his consolidation and dip under 500. Then Stop your loss at 490, leave your bag and wait. --------------------------------------------------------------------------------------------------- Happy Tr4Ding !
by thecryer
13