๐ฅ $1000SHIB hits a level: a free zone above resistance is waiting for a breakout
๐ $1000SHIB is tied to the range/trading channel and is trading tightly near the descending trendline and key resistance. Price is around $0.00545; ahead lies the $0.00550โ0.00558 zone.
๐ Constructive picture: above resistance, there is a free zone up to $0.00600 and the maximum at $0.006192$, which wonโt slow down the rise.
๐ฏ For a Long, we consider it only if it closes above $0.00557$. A breakout of the trendline and holding the level from above gives the preferred scenario, with targets at $0.00600 and $0.006192$.
โ ๏ธ Until there is a close, this is only a test of the level, and a pullback into the range is possible. Supports: $0.00520 and $0.00500$. Losing these marks cancels the idea.
๐ฌ What do you think happens first: a close above $0.00557$ or a pullback to $0.00520$?
โ๏ธ Be careful and stay cautious. Always follow risk management rules.
$1000SHIB
๐ $1000SHIB is tied to the range/trading channel and is trading tightly near the descending trendline and key resistance. Price is around $0.00545; ahead lies the $0.00550โ0.00558 zone.
๐ Constructive picture: above resistance, there is a free zone up to $0.00600 and the maximum at $0.006192$, which wonโt slow down the rise.
๐ฏ For a Long, we consider it only if it closes above $0.00557$. A breakout of the trendline and holding the level from above gives the preferred scenario, with targets at $0.00600 and $0.006192$.
โ ๏ธ Until there is a close, this is only a test of the level, and a pullback into the range is possible. Supports: $0.00520 and $0.00500$. Losing these marks cancels the idea.
๐ฌ What do you think happens first: a close above $0.00557$ or a pullback to $0.00520$?
โ๏ธ Be careful and stay cautious. Always follow risk management rules.
$1000SHIB
