Yuriy_Bishko

SHIB, have you seen that big falling wedge?

شراء
BINANCE:SHIBUSDT   SHIB / TetherUS
A large falling wedge can be seen on the SHIB chart. This is a bullish structure that is breaking out statistically upwards. But it is also worth highlighting the liquidity level of $0.0023.

At this point I would highlight two possible scenarios:
- The first scenario is a correction and a liquidity collection below the liquidity level.
- The second scenario is squeezing and a breakout of the upper wedge boundary.

In the case of squeezing and a breakout of the upper wedge boundary, there might be a good buying opportunity. In the case of a false breakout of the liquidity level, there could also be a good buying opportunity.

Write in the comments all your questions and instruments analysis of which you want to see.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

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