Similar to our analysis on Kishu, we may see Shib breakout too. We are seeing some bullish price action on the structure level right now which could be the start of a breakout. However, if we reject the descending red trendline and come back down, it would just give us another opportunity to get in at a lower price.
Trade Idea:
- Risk entry now with stops below the structure level
- If we come back down lower, watch the 2 structure levels indicated for a bounce and enter with stops below the structure
- Target the October highs and HODL the rest
Goodluck!
Trade Idea:
- Risk entry now with stops below the structure level
- If we come back down lower, watch the 2 structure levels indicated for a bounce and enter with stops below the structure
- Target the October highs and HODL the rest
Goodluck!