$1000SHIB 15m
- My expectation is bearish. It should be shorted!
- I expect the price to test the 0.00001087 support first, and if this breaks, it could drop to the levels of 0.00001070 and 0.00001056.
- If a strong reversal signal appears at 0.00001087 (for example, a bullish engulfing or pin bar), a short-term long can be attempted, but my main direction is still down.
- The best scenario for shorting occurs when the price reaches the range of 0.00001105-0.00001143 and then gets a strong rejection from there. A bearish formation or a high-volume selling candle should be expected when entering the trade.
- Entry: Short if there is a spike and rejection in the range of 0.00001105-0.00001143, targets are 0.00001087, 0.00001070, and 0.00001056.
- For long: If there is a fake spike below 0.00001057 and a quick reversal occurs (especially with a bullish formation in a lower time frame), targets will be 0.00001087 and 0.00001100.
- I recommend using swing high or swing low points for...
