Happy Thirsty Thursday, Traders!

Hope you find value from this post.

If you did, pleases give this post a like and do consider following. Thanks.

Here’s a trading idea.

But firstly…

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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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SHIB bulls lost station 2344 as bears continue to sell and SHIB continues to trade below the 50D MA.

What’s next?

SHIB breaking key level at 2151 could bring price back down towards the Green Horizontal Support Bar.

Expected price targets: 1990 down to 1860

SHIB breaking 2400 will mean breaking local market structure and could begin a reversal.

If SHIB manages to do this then the 50D MA above is the expected target.

Further push upwards could bring SHIB towards the Blue Horizontal Resistance Bar 2744 up to 2820

MACD (4Hr TF): Bullish Divergence .

Stoch RSI: Huge Upside Potential

Always remember to place your Stop Loss.

Price action is KING!

Patience and Discipline are KEYS to a successful trade.

Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.

Be PERSISTENT and stay PERSISTENT.

Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.

If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.

More power to all your trades, my friends!

Ron
Intrepid_Trader