SHIBUSDT may pullback to closest 4h support area

4 Şub 2023

Price may tap this 4h support region in this pullback. But before this pullback, probably price might revisit0.00001544 level. Though current price level 0.00001526 is a good candidate for the next leg down to begin from here.

However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there which might provide the bounce to the price a bit early than the marked 4h support region.

A better entry for a better R:R would be to wait patiently for the price to touch 4h support area.

4 Şub 2023

Not

Of course stop loss for this idea shall be 0.00001563 level.

5 Şub 2023

İşlem kapandı: hedefe ulaştı

The price just bounced from 1h support area instead of fully retracing to the 4h support which is 1% above that 4h support. The same was also mentioned in the post that there is a chance of a bounce from 1h support area instead of tapping the 4h support.