SHIB🐕 breaking out once again? 3

2023年2月2日

Please 1st of all click the boost🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.

This is a follow-up to my last SHIB idea which ended on stoploss by fakeout in the end.

The setup has been revised. Price is still consolidating around the cyan channel upper edge now just in form of bigger symmetrical triangle (which is usually continuation pattern).


It seems to me that Shiba Inu could be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001386. I'm setting the BUY STOP-LIMIT order to recent range high anticipating the triangle breakout. If you would like to see SHIB pumping, just smash the 🚀 button! 😀

• ENTRY: local high @ 0.00001233
  
• STOPLOSS (SL): local low @ 0.00001112
  
• TARGET (TP): height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00001386
  
• REWARD RISK RATIO (RRR): 1.25
  
• INVALIDATION: when SL level hit
  

Please boost🚀, comment🗣️, follow me✒️, enjoy📺!

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

2023年2月2日

交易進行

Order filled ✔️

2023年2月4日

交易結束：目標達成

She did that again! 🦴

2023年2月12日

註釋

After reaching the target and then some, price dropped down to the Triangle upper edge to backtest it. There is also midpoint of the local range @ 1173, both creating support cluster. SHIB bounced up and I think it's going up to the target @ 1386 once again.

2023年2月15日

註釋

Yep ... just reached the target again as expected:

2023年2月17日

註釋

And after reaching the target SHIB been hammered ... almost -10%. No indicators, pure price action.

2023年2月19日

註釋

Target acting as resistance once again. I think that next visit would result in breakout to the upside.