SHIBUSDT Breaking Main Support

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SHIBUSDT Perpetual Swap Contract (OKX:SHIBUSDT.P)

OKX:SHIBUSDT.P SHIBUSDT Perpetual Swap Contract

trendanalysis chartpattern beyondta shibainu shibusdt longsetup invalid invalidation breakofstructure stoppedout

It's looking like the long position here may have been invalidated. Although, with a bounce of the upper line of the descending wedge, it may still be valid. However, if this breaks downward into the wedge and breaks the second support level, I wouldn't be looking to go long until price reaches the target-buy-zone shown on the chart. With a bounce off the upper line of the wedge, and with a move back above the main support level, I would be looking to get back into a long position. This not financial advice. DYOR

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