SHIBUSDT to head for next resistance zone around 0.00001310

SHIBUSDT is showing strength after consolidating under the 4h resistance zone. Now the price is trading inside the resistance zone and is likely to head towards next resistance zone around 0.00001310. The price might follow the path L4, S5 and L6 as depicted in the chart.

Trade closed: target reached:

So we have reached the target of 0.00001310. That was quite quick. Sometime you need patience but sometime its quicker than you fall in the trap of changing your mind. The resistance sitting there is a strong one as its a combination of daily and weekly resistance. However, the price also has a strong momentum. This first reaction of price being pushed down from there was expected. But it would be interesting to see how this resistance reacts on subsequent attempts from the price to breach it. Let us watch that and then make a new plan for the next trade possibility.

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