Cup of SHIB?
SHIBA INU / Tether KUCOIN:SHIBUSDT
SHIB has formed a nice cup and handle seen on multiple time frames. I took a long at 0.000023 and leave that open until I see this break one way or another. If I were playing the cup, I’d set the profit like I did above, the price plus the candle height. Don’t lose your SHIB if I’m wrong. Stop-loss can be pretty quick in any case, I believe. Mine’s anything closing below the handle once the penant breaks.
As always, Im new to TA, so I want to know if y’all disagree or if I’m reading something wrong, let me know what you think.
