๐ฅ Hi friends! A lot of traders already forgot about the meme coins such as SHIB and DOGE. It's very good for the petience and profitable traders as we are. I metioned the $0.00079-84 velue area as the support in the previous trading plans on SHIB , so the price was stopped there.
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BUT in this idea I want to show you the best entry point before the SHIB will pump.
Just take a look to the SHIB most common pump pattern. I'm sure you neve mention it. After the some consolidation in the 5-10% range, SHIB making a huge pump. It as in 2 cases before, I think that this time the pattern will work well. We just need to find the best entry point with high RR and short sl.
๐ฉ It worth to add that on every PUMP the whales๐ณ sell thie coins (just take a look on volume indicator). This situation is really visible on such centrilized altcoin such DOGE and SHIB cause they have 20-30 biggest wallets that hold 50-70% of all coins. Of course, they want to sell it.
๐ The trading plan to open a long:
๐ฅ accumulation in a 5-10% range
๐ฅ squeeze to the trendline
๐ฅ huge buy order on DOM and Footrpint by the whales
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The 3 MAIN targets for SHIB:
1. $0.001 - the key level
2. $0.00116-125 - the value area
3. $0.00137 - local highs and key level
Traders, book the profit by parts, because trading is about making money and not close your trades at loss and breakeven.
๐ฉDo you agree with my targets or think that altcoins will fall? Write your thought in the comments!
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.