Short opportunity on SHIB1000
A short opportunity is forming on 1000SHIBUSDT on perpetual futures at Binance. You can see all the same signals in the chart above this month. I will detail each one below.
Rules for the entries
LONG
SHORT
Stop Loss
The lowest value of the latest four candles when Longing. The highest value of the latest 4 candles when Shorting
Take Profit
Two times the size of the stop loss.
May/2022 Signals
Signal #1 - May 1st - 8h timeframe
After a dogi candle, it's a 50% chance that the price goes either direction. We stick to the rules and go short. This signal gave close to 6,8%
Signal #2 - May 5th - 8h timeframe
After a slight bearish movement, the price engulfed the bullish candle. We entered at the open price of that candle, shorting again. Profit was 13.5%
Signal #3 - May 10th - 8h timeframe
After a bullish candle with a big upper wick, we saw a good rejection of the past candles. So we follow the rules for another short, reaching more than 20% profit.
Signal #4 - May 13th - 8h timeframe
Again, after two consecutive bullish candles with some upper wicks, we got almost a bearish engulfing candle. After that, it triggers our short order. The trade is still open this time, so we may add more or close it to book some profits and prepare for the next trade.
Signal #5 - May 17th - 8h timeframe
Our latest signal is almost valid. However, the price may go below the latest bullish candle open value, and we may expect a 13% profit. This signal will invalidate if the price reverses and exceeds our predetermined stop loss.
Total profit this month so far is around 45,3% with 1x leverage.
Rules for the entries
LONG
- price closing above MA 200 (yellow) and MA 20 (red)
- The last candle is going above the open value of the latest bearish candle
- Last bearish candle can be at max three candles away from the latest candle
- The last candle must be close to the MA 20 (red)
SHORT
- price closing below MA 200 (yellow) and MA 20 (red)
- The last candle is going below the open value of the latest bullish candle
- Last bullish candle can be at max three candles away from the latest candle
- The last candle must be close to the MA 20 (red)
Stop Loss
The lowest value of the latest four candles when Longing. The highest value of the latest 4 candles when Shorting
Take Profit
Two times the size of the stop loss.
May/2022 Signals
Signal #1 - May 1st - 8h timeframe
After a dogi candle, it's a 50% chance that the price goes either direction. We stick to the rules and go short. This signal gave close to 6,8%
Signal #2 - May 5th - 8h timeframe
After a slight bearish movement, the price engulfed the bullish candle. We entered at the open price of that candle, shorting again. Profit was 13.5%
Signal #3 - May 10th - 8h timeframe
After a bullish candle with a big upper wick, we saw a good rejection of the past candles. So we follow the rules for another short, reaching more than 20% profit.
Signal #4 - May 13th - 8h timeframe
Again, after two consecutive bullish candles with some upper wicks, we got almost a bearish engulfing candle. After that, it triggers our short order. The trade is still open this time, so we may add more or close it to book some profits and prepare for the next trade.
Signal #5 - May 17th - 8h timeframe
Our latest signal is almost valid. However, the price may go below the latest bullish candle open value, and we may expect a 13% profit. This signal will invalidate if the price reverses and exceeds our predetermined stop loss.
Total profit this month so far is around 45,3% with 1x leverage.