Hey guys,
As you asked about the SHIBUSDT, this market is in range right now and probably it will remain at this range for the following days.
There are 3 things that we've to consider about this chart:
1. Price moves up and down between a support and resistance area (Range market) - It specified on the chart
2. The previous bearish trend
3. Bullish divergence on RSI(14)
Based on these scenarios, we have a good range market which can be traded by selling at the top and buying at the bottom.
** After breaking the range, then we've to recheck the market and then act based on it.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
As you asked about the SHIBUSDT, this market is in range right now and probably it will remain at this range for the following days.
There are 3 things that we've to consider about this chart:
1. Price moves up and down between a support and resistance area (Range market) - It specified on the chart
2. The previous bearish trend
3. Bullish divergence on RSI(14)
Based on these scenarios, we have a good range market which can be traded by selling at the top and buying at the bottom.
** After breaking the range, then we've to recheck the market and then act based on it.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!