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jpbrown1023

SHIB - Turning Bullish on the Daily, Great Long Entry

Long
SHIB / TetherUS (BINANCE:SHIBUSDT)  
jpbrown1023  
BINANCE:SHIBUSDT   SHIB / TetherUS
Trend Analysis Chart Patterns Technical Indicators shibainu shiba SHIBUSDT shibusd shibacoin shibarmy shibausd shib
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trendanalysis chartpattern indicator shibainu shiba shibusdt shibusd shibacoin shibarmy shibausd shib
I like this long entry here. Looking at the daily chart, you can see that the price has fallen over 90% from its all-time high and is finding support from 2021 resistance levels. The daily MACD has turned bullish and crossed the zero-line. Given the large retracement and strong demand zone here, I think this is a good risk reward entry. I'm long here, but if you want to be extra cautious, buy the breakout.
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