$BTC Reflection Point on SHIB – Technical Analysis and Smart Entry Opportunity
I monitored the movement of $SHIB over the past few days and noticed the formation of a symmetrical triangle pattern on the 4-hour time frame, which is usually a signal for an upcoming price breakout.
Upon breaking the upper resistance with a noticeable increase in trading volume, I entered the trade confidently from the level of 0.00002250, 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 but still hold a portion of the trade in anticipation of further upward movement.
Lesson: Combining technical indicators with price action reading provides well-studied entry opportunities.