SHIBUSDT | ABC Correction Wave Projection | Banker Chip Entry
Price action and chart pattern trading
> Wave C correction projection - Wave 3 impulse downtrend extended 1.618 of its Wave 1
> Expecting a retrace to Wave 4 Zigzag uptrend targeting at 0.386 of Wave 3
> Based on the current downtrend wave, the C correction should end at 0.5 zone of Wave A at 0.00000500 zone.
> Opening Long Trade at BREAKOUT of downtrend line of wave 2 and upcoming wave 4.
> Stoploss at the lowest wave C position
> Target zone between volume profile point of control and SMA200 | 0.00002500 - 0.00003000
Indicator:
> Smart money strong support 12X
> Banker Chip volume entry
Always trade with affordable risk and respect your stoploss
> Wave C correction projection - Wave 3 impulse downtrend extended 1.618 of its Wave 1
> Expecting a retrace to Wave 4 Zigzag uptrend targeting at 0.386 of Wave 3
> Based on the current downtrend wave, the C correction should end at 0.5 zone of Wave A at 0.00000500 zone.
> Opening Long Trade at BREAKOUT of downtrend line of wave 2 and upcoming wave 4.
> Stoploss at the lowest wave C position
> Target zone between volume profile point of control and SMA200 | 0.00002500 - 0.00003000
Indicator:
> Smart money strong support 12X
> Banker Chip volume entry
Always trade with affordable risk and respect your stoploss