1000SHIBUSDT.P trade ideas
SHIBA INU MARKET INSIGHTSHIB (1000SHIB) is currently trading near major support levels and poised for significant upward movement. We are targeting price upto 150% in coming weeks (months).
First target is 100% gain from current price, that is, 0.026. If momentum continues we might see extended Target at 0.030. Always remember, SHIB price analysis 8s for long term and can not be considered for futures or Leveraged trade.
#1000SHIB Technical Breakout #1000SHIB Technical Breakout
Breakthrough: CRYPTOCAP:SHIB has Broken the symmetrical triangle
Accumulation Zone: Aim to buy in from $0.027 to CMP for potential gains.
Target: 57% Potential With 10% Stop Loss
Risk Management: Set stop loss at $0.02490 to safeguard your investment.
Always DYOR
NFA
SHIB/ 1000SHIB Breakout/pump over?So SHIB/1000SHIB gave successful breakout from falling channel pattern and also reached target price and got rejected after touching target price.
So now there are two ways it can act---->
1)If it breaks support of 0.026191 than it may fall as low as 0.024841 and if that level is broken too than it will show price of 0.023353
2)If it bounces back from 0.026191 than it will show price of 0.027564 and if it stays bullish than it may also reach 0.033018
Conclusion - Price has rejected from its target price of falling channel pattern so it may show as low as 0.026191 and if price also breaks support of
0.026191 than it may show 0.023353 OR
Price may respect support of 0.025715 and in this case it will show price of 0.027564 and if it stays bullish than it may also reach
0.033018
The price will eventually reach 0.028761 after being bouncing from 0.026191 or 0.024841
(As you can see I cant tell clearly and I just started LEARNING technical analysis, so obviously this is not financial advice, even I don't trust my analysis )
