SHIB after huge pump (1200%) is in downwards corrective movement.
Price has fall to last support area and it might keep inside this accumulation area for some time (until some better time for alts and meme coins - hype time).
At the moment I don't own any SHIB, but I'm looking to add if it breaks 21 D MA (black line), which will also mean breaking from falling wedge. There is no any bullish divergences on higher time frames.
I set alert if it pump not to miss it. Risk/reward ratio on this trade is good for me, TP 1 and TP2 is where I plan exit my initial investment + 10-20% gain and leave rest of it for potential strong upside move.
Don't be surprised if we stay in this accumulation region for some time or even dive under it.
Until bullish sentiment returns alts, and specially meme coins probable won't move significantly.
Price has fall to last support area and it might keep inside this accumulation area for some time (until some better time for alts and meme coins - hype time).
At the moment I don't own any SHIB, but I'm looking to add if it breaks 21 D MA (black line), which will also mean breaking from falling wedge. There is no any bullish divergences on higher time frames.
I set alert if it pump not to miss it. Risk/reward ratio on this trade is good for me, TP 1 and TP2 is where I plan exit my initial investment + 10-20% gain and leave rest of it for potential strong upside move.
Don't be surprised if we stay in this accumulation region for some time or even dive under it.
Until bullish sentiment returns alts, and specially meme coins probable won't move significantly.
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.
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.