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MattieDsCryptoLounge

SHIBUSDT 1D long setup; Broke and retest of TL and support zone

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1000SHIB / TetherUS PERPETUAL CONTRACT (BINANCE:1000SHIBUSDT.P)  
MattieDsCryptoLounge  
BINANCE:1000SHIBUSDT.P   1000SHIB / TetherUS PERPETUAL CONTRACT
Trend Analysis Fibonacci Support and Resistance shiba SHIBUSDT shibusd Trend Line Break fiboretracement
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trendanalysis fibonacci supportandresistance shiba shibusdt shibusd trendlinebreak fiboretracement
TA explained
SHIB did a complete pullback to the previous level of structure which was formed during the strong uptrend back in October. Now price broke the descending trendline and retested it on a price level which aligns with former support zone.

Targeting the FIB pullback levels of the correction. SL just below latest low.

Trade setup
Entry zone: 0.027143 - 0.030170
TP1: 0.043510
TP2: 0.049759
TP3: 0.058656
SL: 0.024999
RR: 8.73
Max leverage: 1

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