SHIB🐕 breaking out once again?

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After this accurate call...

...the price has been testing the channel upper edge from daily timeframe repeatedly the whole last week:

Also price is consolidating right below the channel upper edge in form of symmetrical triangle which is usually continuation pattern. It seems to me that Shiba Inu could be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001410. I'm setting the BUY STOP-LIMIT order to recent range high anticipating the triangle breakout.

• ENTRY: local high @ 0.00001220
  
• STOPLOSS (SL): local low @ 0.00001179
  
• TARGET: height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00001410
  
• REWARD RISK RATIO (RRR): 4.7
  
• INVALIDATION: when SL level hit
  

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

Order avbruten:

No trade, pattern invalidated

Kommentera:

Check new setup down below 👇