SHIB ready to pump again?

١٠ أكتوبر ٢٠٢١

Shiba Inu seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 0.00004120 and even higher. Will SHIB get it's bone?🦴🐕

• ENTRY: local high @ 0.00002787
  
• SL: local low @ 0.00002540
  
• TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00004120
  
• RRR: 5.4
  
• INVALIDATION: when SL level hit
  

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

١١ أكتوبر ٢٠٢١

تم فتح الصفقة

Order filled ✔️

١١ أكتوبر ٢٠٢١

ملاحظة

Running well. We need to break these 2 resistances (shown on chart below) to get to the target. 🦴

١١ أكتوبر ٢٠٢١

ملاحظة

SHIB's next try to break the resistance:

١١ أكتوبر ٢٠٢١

ملاحظة

Failed again, resistance still holding. Strong selling pressure. Will the orange uptrendline support the price and boost it higher?

١٢ أكتوبر ٢٠٢١

ملاحظة

Going as expected. Orange uptrendline providing support while the resistance didn't allow price going higher. I think the price could break up through the resistance in a few hours.

١٢ أكتوبر ٢٠٢١

ملاحظة

So SHIB broke down actually. Now needs to hold the support zone - previous local range high (BUY STOP-LIMIT blue), range midpoint (lime) and triangle lower edge (yellow uptrendline)

١٢ أكتوبر ٢٠٢١

ملاحظة

The BUY STOP-LIMIT (entry point) holding quite well for now. Will we see sort of price action like this? 👇

١٣ أكتوبر ٢٠٢١

ملاحظة

Bounced up to the red downtrendline and now is back down testing the yellow uptrendline. Will it hold?

١٥ أكتوبر ٢٠٢١

أغلقت الصفقة: تم الوصول لوقف الخسارة

SL hit. The yellow uptrendline didn't hold and SHIB got slammed. I'm out, but monitoring further. Will post new idea if I see anything.

٢٠ أكتوبر ٢٠٢١

ملاحظة

New idea down below, posting here bit late: