๐ $SHIB Daily Breakout Alert ๐
SHIB is showing strong technical strength on the 1D chart as it completes a classic Falling Wedge pattern!
After a period of consolidation, price action has expanded past the upper resistance line. The recent strong green candle confirms buying momentum taking over, with the pink support zone (0.00000540 โ 0.00000560) now acting as structural demand.
If volume holds up, we could see a strong move towards the target zone! ๐ฏ
๐ Trade Plan
๐ข Entry: 0.00000560 โ 0.00000585 (Buying retests / Current Market Price)
๐ฏ Target 1: 0.00000670 (~18% profit)
๐ฏ Target 2: 0.00000750 โ 0.00000760 (~32% full measured target)
๐ Stop Loss: 0.00000525 (Invalidation below key structure)
๐ก Key Takeaway: The pattern points to seller exhaustion and steady accumulation at lower levels. Keep risk management tight and adjust your stop loss as targets hit!
$MUBARAK $FORM
SHIB is showing strong technical strength on the 1D chart as it completes a classic Falling Wedge pattern!
After a period of consolidation, price action has expanded past the upper resistance line. The recent strong green candle confirms buying momentum taking over, with the pink support zone (0.00000540 โ 0.00000560) now acting as structural demand.
If volume holds up, we could see a strong move towards the target zone! ๐ฏ
๐ Trade Plan
๐ข Entry: 0.00000560 โ 0.00000585 (Buying retests / Current Market Price)
๐ฏ Target 1: 0.00000670 (~18% profit)
๐ฏ Target 2: 0.00000750 โ 0.00000760 (~32% full measured target)
๐ Stop Loss: 0.00000525 (Invalidation below key structure)
๐ก Key Takeaway: The pattern points to seller exhaustion and steady accumulation at lower levels. Keep risk management tight and adjust your stop loss as targets hit!
$MUBARAK $FORM
