SHIB/USD Trendline Breakout
SHIB/USD is showing signs of a trendline breakout above the resistance level at **0.00003997**. A confirmed breakout and sustained price action above this level could trigger an upward rally.
Entry: Above 0.00003997 in weekly candle
Stop Loss:Place below the breakout candle or trendline (depending on your risk tolerance).
Targets:
First Target (T1):0.00005216
Second Target (T2):0.00006705
Final Target (T3): 0.00008697
Key Notes
- Ensure proper risk management as cryptocurrency markets are volatile.
- Look for volume confirmation to validate the breakout.
- Monitor for potential retests of the breakout level for added entry opportunities.
Would you like any chart or graphical representation of this analysis?
Entry: Above 0.00003997 in weekly candle
Stop Loss:Place below the breakout candle or trendline (depending on your risk tolerance).
Targets:
First Target (T1):0.00005216
Second Target (T2):0.00006705
Final Target (T3): 0.00008697
Key Notes
- Ensure proper risk management as cryptocurrency markets are volatile.
- Look for volume confirmation to validate the breakout.
- Monitor for potential retests of the breakout level for added entry opportunities.
Would you like any chart or graphical representation of this analysis?
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.