SHIB ready to pump again?

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.

Please like👍, comment🗣️, follow me✒️, enjoy📺!

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

Giao dịch đang hoạt động:

Order filled ✔️

Bình luận:

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

Bình luận:

SHIB's next try to break the resistance:

Bình luận:

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

Bình luận:

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.

Bình luận:

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)

Bình luận:

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

Bình luận:

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

Đóng lệnh: dừng lỗ:

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.

Bình luận:

New idea down below, posting here bit late: