Reflection Point on SHIB – Technical Analysis and Smart Entry Opportunity
I have been monitoring the movement of $SHIB over the past few days and noticed the formation of a symmetrical triangle pattern on the 4-hour timeframe, which is usually a signal for an upcoming price explosion.
Upon breaking the upper resistance with a noticeable increase in trading volume, I confidently entered the trade from the level of 0.00001250, targeting the next resistance at 0.00002800.
The RSI was at level 45 and trending upwards – a positive signal.
The MACD gave a clear bullish crossover.
The volume was increasing with each green candle – additional confirmation.
I partially exited at the first target, while still holding onto part of the trade in anticipation of continued upward movement.
Lesson: Combining technical indicators with price action reading provides clearly studied entry opportunities.
