Successful Trade on SHIB – Technical Analysis and Calculated Exit Strategy
I entered a trade on the $PEPE coin at the level of 0.00001530 after a strong support pattern formed on the 4-hour time frame, supported by a notable increase in trading volume and the formation of a positive engulfing candle.
I noticed a selling saturation on the RSI indicator at level 30, which reinforced the likelihood of a bullish reversal. I set the target at 0.00002200, which is a previous resistance level, and it was successfully achieved with strict risk management and a stop loss placed just below support.
The trade achieved profits of approximately over 65%.
My conclusion: Combining technical analysis with trading volume provided a strong entry signal. Adhering to the plan was the key to success $SHIB #TradeStorie #تحليل_فني
