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SHIB - Around Support Again ❗️
Shiba Inu / Tether US
SHIB - Around Support Again ❗️
By TheSignalyst
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May 3, 2023
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May 3, 2023
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
SHIB is now sitting around 0.08 support in blue.
🏹
For the bulls to take over short-term
, we need a break above the last major high from H4 highlighted in orange.
🏹
And for the bulls to take over from a long-term perspective
, we need a daily close above 0.000012 resistance.
📉 If we break below 0.0000097, we will be expecting further bearish movement.
Which scenario do you think is more likely to happen first? and why?
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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