1000SHIBAUSDTPREP { SHIBA INU } - BULLISH SETUP

ANALYSIS 🔎
- 1000SHIBAUSDTPREP is printing the inversed head and shoulders pattern.
- The inverse head and shoulders pattern is a bullish reversal pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Aggressive entry: current market price.
- Conservative entry: breakout above the inverse head and shoulders neckline resistance.

TARGETS 🎯
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the right shoulder's horizontal suppor level.
- Final invalidation: breakdown below the 0.786 fibonacci retracement level.