SHIB ready to pump again?

Oct 10, 2021

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.

Oct 11, 2021

Trade active

Order filled ✔️

Oct 11, 2021

Note

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

Oct 11, 2021

Note

SHIB's next try to break the resistance:

Oct 11, 2021

Note

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

Oct 12, 2021

Note

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.

Oct 12, 2021

Note

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)

Oct 12, 2021

Note

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

Oct 13, 2021

Note

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

Oct 15, 2021

Trade closed: stop reached

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.

Oct 20, 2021

Note

New idea down below, posting here bit late: