SHIBUSDT: Is a Bullish Reversal on the Horizon?

3 Eyl

Yello, Paradisers! Have you been tracking SHIBUSDT? The recent price action has formed a descending channel, which could be setting the stage for a bullish move. But how can we know if it's time to jump in? 🤔

💎If SHIBUSDT shows a Change of Character (CHoCH) from the support zone, shifting towards a bullish market structure, it could signal a strong bullish move.

💎If the price starts to rise from the current levels, it could also form a W pattern. A breakout and a candle close above the resistance zone would confirm both the W pattern and the descending channel, boosting our bullish bias.

💎However, if the price falls, breaks down, and closes below the support zone, this would invalidate the bullish scenario, signaling that further downside might be ahead.

Stay alert, Paradisers! The next move could make all the difference. 🧐

MyCryptoParadise
iFeel the success🌴

11 Kas

İşlem kapandı: hedefe ulaştı

💎Just as anticipated, SHIB is up an impressive 50.20%!

💎At this point, it’s smart to book some profits to secure gains while allowing the remainder of your position to ride the wave of a potential upcoming bull run. And remember, always prioritize capital protection—set your stop-loss (SL) to break even (BE) to safeguard your initial investment.