Is SHIBUSDT Preparing for a Major Move?

2 de jan.

Yello, Paradisers! SHIBUSDT has retraced to a critical support zone and is currently consolidating, leaving traders speculating about its next big move. Could this be the setup for a bullish breakout? Let’s dive in.

💎If SHIBUSDT forms a W-pattern at this support zone, backed by a supportive trendline, the chances of a bullish rally become significantly higher. This classic pattern is often a precursor to strong upward momentum.

💎However, if the retracement continues, we can anticipate a bounce from an even stronger support zone below. To stack the odds in our favor, we need confirmation from bullish signals such as - bullish I-CHoCH (Internal Change of Character), Patterns like the W-pattern or Inverse Head and Shoulders on lower timeframes.

💎Key Takeaway: Without confirmation, any bullish setup remains speculative.

💎On the flip side, if the price breaks down and closes below the strong support zone, the bullish scenario will be invalidated. In this case, it’s prudent to exercise patience and wait for more favorable price action to develop.

🎖 Discipline Over Impulse: This is why trading requires patience and a clear strategy. Avoid emotional decisions and let the market present high-probability opportunities. Mastering this mindset is what sets profitable traders apart.

MyCryptoParadise
iFeel the success🌴

18 de fev.

Trade fechado: objetivo atingido

💎SHIBUSDT failed to close a candle above the W-pattern breakout level, meaning we didn’t get the confirmation needed for a strong move up. Instead, the price retraced—right into our key support zone—& bounced just as expected.

💎If you managed to enter at this level, now’s the time to secure some profits. Booking partial quantities and moving your stop-loss to break-even (BE) is the smart play to minimize risk while staying in the game for any further upside.