SHIB / TetherUSLong
SHIB: Potential swing opportunity
Updated
Intro:
Chart speaks for itself. We might see it break below the wedge as many traders currently are long. Try to enter on this retracement.
I've drawn out the relevant levels for liquidity.
Entry zone 1: $0.00001984 - 0.00002290
Entry zone 2: $0.00001520 - $0.00001659
Stop Loss: $0.00001370
Take profit targets:
Target 1: $0.00004560
Target 2: $0.00005016
Chart speaks for itself. We might see it break below the wedge as many traders currently are long. Try to enter on this retracement.
I've drawn out the relevant levels for liquidity.
Entry zone 1: $0.00001984 - 0.00002290
Entry zone 2: $0.00001520 - $0.00001659
Stop Loss: $0.00001370
Take profit targets:
Target 1: $0.00004560
Target 2: $0.00005016
Note
As you can see on the adaptive MCVF we are contracting.
The wedge is obviously just to show the range. I do believe that once we see the MCVF begin to expand that we see another breakout.
This is assuming the price of BTC doesn't fall
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Telegram:
t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
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