💎 SHIB has certainly caught our eye, navigating within a descending channel formation. Recently, SHIB initiated a noteworthy ascent after rebounding from the demand zone.
💎 However, for SHIB to shift into a bullish gear, it needs to conquer a significant milestone: breaking free the descending channel pattern and overcoming the local resistance. Probability this breakthrough could set the stage for SHIB to smoothly continue its upward trajectory, aiming for the supply zone and probability of reaching the Bearish OB.
💎 On the flip side, if SHIB stumbles in its attempt to breach the pattern or faces rejection at the descending channel's resistance, it might necessitate a retreat, seeking renewed strength by returning to the demand zone.
💎 The outlook becomes bleaker if, during its reassessment at the demand zone, SHIB finds the area unable to withstand the selling pressure. A failure to uphold the demand level, marked by a decisive breach, could propel SHIB into a continued downward spiral, steering it towards the critical support territory.
💎 However, for SHIB to shift into a bullish gear, it needs to conquer a significant milestone: breaking free the descending channel pattern and overcoming the local resistance. Probability this breakthrough could set the stage for SHIB to smoothly continue its upward trajectory, aiming for the supply zone and probability of reaching the Bearish OB.
💎 On the flip side, if SHIB stumbles in its attempt to breach the pattern or faces rejection at the descending channel's resistance, it might necessitate a retreat, seeking renewed strength by returning to the demand zone.
💎 The outlook becomes bleaker if, during its reassessment at the demand zone, SHIB finds the area unable to withstand the selling pressure. A failure to uphold the demand level, marked by a decisive breach, could propel SHIB into a continued downward spiral, steering it towards the critical support territory.
Dagangan ditutup: sasaran tercapai
Bingo! #SHIB is dancing to our tune, up 19.28% just like we predicted
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
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Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.