Shibainu broke down from the symmetrical triangles in the past months due to a double top pattern and a rejection at the descending trend line of the symmetrical triangle. We saw price bounced as predicted on my last analysis on shib(can be found in related ideas)from the key support level (.547) back inside the triangle and was followed with an impulsive trend to breakout from the symmetrical triangle. Presently, price is trading outside the pattern but a pullback is expected to (.815 - .850) which is a good entry zone with a stop loss at .766 which is 10% risk. All price targets have been provided on chart, take the necessary procedures before taking a long position.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
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Shib made a pullback as predicted. This still remains a good entry with the use of the appropriate stop loss provided in the first comment section.
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Price targets remains the same
