🐋SHIB: 2 targets for this dogo! Where to open a trade?

4 May 2022

⚡Shiba Inu(SHIB) is squeezing under the trend line. But does it have enough strength to break it? Were there enough liquidations? Let's talk about it in this idea!

After the HUGE liquidation of the long traders who were the fuel for this fall, the price started to squeeze under the trend line. This is a good bullish signal and if the major cryptocurrency, Bitcoin, shows strength, the price will easily reach our targets:
🎯target 1 - $0.0000228-0.0000235 value zone
🎯target 2 - value zone $0.0000263-0.0000271

We can see from the volumes that the long traders who were accumulating before the fall were simply liquidated. Also, the fuel now could be desperate traders who want to open shorts or those who were shorting all this fall but have not taken profits yet.

🔥How not to become fuel for a rise or fall and not be liquidated:
1. trade according to your strategy. Being out of the trade is also a trade.
2. look at the main altcoin, Ethereum. Its price shows the direction of movement for all altcoins
3. be craftier than the market and retail traders. Keep learning and improve yourself

🏁The local pullback is still possible, so pay your attention to the volume indicator and wait for the next update!

Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.