ShibaInu Still in Accumulation Zone S4 Possible Key Entry Pont !
Shiba has been in the accumulation zone for almost the entire day
In order to define the next direction of the price, this will depend a lot on the strength and volume that we see in these next few hours.
but for now we focus on the range and key supports where the price may bounce to a to decide in which direction will go next
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THIS IS WHAT I PUBLISHED ON MY LAST IDEA AND THE PRICE KEEPS DOING IT
"looking at the low volume this morning i believe today will be several test in the Accumulation zone before see some price action"
Actions to take:
*This might be a good opportunity to get in to shiba after touching S3 or S4 support
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SO...
If you can picture a small range within the accumulation Zone, we can show that S3 and S4 have been the supports that have touched the price the most, creating a first false breakout which is one of the alerts in which you must be very aware since it tells us that a possible change in trend will come
i am going to mark this small trend in inside the zone in yellow so you can see it
FBO= False Breakout
We have seen this same behavior in past ranges and regularly 1 to 2 false breakouts have been detected after expecting a long trend.
This is PURE price action and if I'm right, right now is a great opportunity to add shibainu for a possible run and continuation of the bull trend.
time will decide
REMEMBER:
Stick to your plan
Believe in yourself
-mike
In order to define the next direction of the price, this will depend a lot on the strength and volume that we see in these next few hours.
but for now we focus on the range and key supports where the price may bounce to a to decide in which direction will go next
--------------------------------------------
THIS IS WHAT I PUBLISHED ON MY LAST IDEA AND THE PRICE KEEPS DOING IT
"looking at the low volume this morning i believe today will be several test in the Accumulation zone before see some price action"
Actions to take:
*This might be a good opportunity to get in to shiba after touching S3 or S4 support
---------------------------------------------
SO...
If you can picture a small range within the accumulation Zone, we can show that S3 and S4 have been the supports that have touched the price the most, creating a first false breakout which is one of the alerts in which you must be very aware since it tells us that a possible change in trend will come
i am going to mark this small trend in inside the zone in yellow so you can see it
FBO= False Breakout
We have seen this same behavior in past ranges and regularly 1 to 2 false breakouts have been detected after expecting a long trend.
This is PURE price action and if I'm right, right now is a great opportunity to add shibainu for a possible run and continuation of the bull trend.
time will decide
REMEMBER:
Stick to your plan
Believe in yourself
-mike