Hello everyone, let's take a look at the SHIB to USDT chart in 1 hour. As you can see, the price broke above the local downtrend line.
It is worth starting with setting a stop loss that we should take into account in the coming hours. As you can see, we chose 4 stop losses:
SL1 - $ 0.00001170,
SL2 - $ 0.00001109,
SL3 - $ 0.00001019,
SL4 - $ 0.00000908.
Now let's move on to determining the goals that price has in front of him and as you can see, the first is at the T1 level - $ 0.00001247, which the price is currently struggling with, the next is at the T2 - $ 0.00001350 level, the next is T3 - $ 0.00001457 and T4 - $ 0.00001604 .
Looking at the CHOP indicator, we can see that some energy has been used within 1 hour, but we have a little to continue the movement. On the other hand, the MACD indicator shows an upward trend.
It is worth starting with setting a stop loss that we should take into account in the coming hours. As you can see, we chose 4 stop losses:
SL1 - $ 0.00001170,
SL2 - $ 0.00001109,
SL3 - $ 0.00001019,
SL4 - $ 0.00000908.
Now let's move on to determining the goals that price has in front of him and as you can see, the first is at the T1 level - $ 0.00001247, which the price is currently struggling with, the next is at the T2 - $ 0.00001350 level, the next is T3 - $ 0.00001457 and T4 - $ 0.00001604 .
Looking at the CHOP indicator, we can see that some energy has been used within 1 hour, but we have a little to continue the movement. On the other hand, the MACD indicator shows an upward trend.