SHIB / TetherUSLong
We may see a bullish rally in SHIB
Hi,
This is SHIB/USDT daily chart. A few days back, the price had dropped to 29-30 level. It was a fundamental support level. As we had expected, the price went rebound from there.
Now the price is getting the resistance at 37-38 level.
We had a rebound, but unfortunately, volumes are not convincing this time. If the price breaks the resistance, we could see a bullish rally in the near term.
Here is the trading plan.
If the price breaks the resistance, I shall place the stop-loss below the resistance that will turn into support. The target will be 53. The reward to risk ratio is 3.5.
If you like the idea, press the like button. I shall wait to hear from you in the comments.
This is SHIB/USDT daily chart. A few days back, the price had dropped to 29-30 level. It was a fundamental support level. As we had expected, the price went rebound from there.
Now the price is getting the resistance at 37-38 level.
We had a rebound, but unfortunately, volumes are not convincing this time. If the price breaks the resistance, we could see a bullish rally in the near term.
Here is the trading plan.
If the price breaks the resistance, I shall place the stop-loss below the resistance that will turn into support. The target will be 53. The reward to risk ratio is 3.5.
If you like the idea, press the like button. I shall wait to hear from you in the comments.
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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.