$shib Measured (long scalp move) to 966 area
Shiba Inu has recently broken a daily resistance level, and the next measured move is expected to be towards the next resistance at 0.00000966. This break of resistance suggests bullish momentum in the short term.
Key points to consider:
Break of Daily Resistance: The fact that Shiba Inu has broken a daily resistance level is a positive sign for traders. This indicates that there is buying interest and increased demand for SHIB at this point.
Measured Move Target: The next measured move is expected to reach the next resistance level at 0.00000966. Traders often use measured moves based on technical patterns to set price targets.
Bullish Momentum: The break of resistance suggests a short-term bullish trend in SHIB. However, it's essential to consider other technical indicators and market conditions to confirm the strength of this move.
Risk Management: It's crucial to implement proper risk management strategies, such as stop-loss orders, to protect your investment in case the price doesn't reach the next resistance level or reverses.
Please note that technical analysis is not foolproof, and market conditions can change rapidly. It's essential to use multiple indicators and stay informed about news and events that can influence cryptocurrency prices. Always perform your due diligence before making trading decisions.
Key points to consider:
Break of Daily Resistance: The fact that Shiba Inu has broken a daily resistance level is a positive sign for traders. This indicates that there is buying interest and increased demand for SHIB at this point.
Measured Move Target: The next measured move is expected to reach the next resistance level at 0.00000966. Traders often use measured moves based on technical patterns to set price targets.
Bullish Momentum: The break of resistance suggests a short-term bullish trend in SHIB. However, it's essential to consider other technical indicators and market conditions to confirm the strength of this move.
Risk Management: It's crucial to implement proper risk management strategies, such as stop-loss orders, to protect your investment in case the price doesn't reach the next resistance level or reverses.
Please note that technical analysis is not foolproof, and market conditions can change rapidly. It's essential to use multiple indicators and stay informed about news and events that can influence cryptocurrency prices. Always perform your due diligence before making trading decisions.