Analysis #SHIB/USDT – Are We Witnessing a New Upward Movement? (4H Technical Analysis and Trading Strategy)
Current Price: 0.00001479
Change Over 24 Hours: +3.86%
Highest Price: 0.00001491
Lowest Price: 0.00001412
Technical Analysis on the 4-Hour Frame:
Bollinger Bands: The price is moving at the middle of the range, approaching the upper average (0.00001508), indicating a possibility to test the nearby resistance.
RSI (6) = 65.65: Close to the overbought area, but still has potential for more rise before a reversal.
MACD: A positive crossover occurred recently with the beginning of a gradual shift in momentum towards the upside.
Trading Volumes: We have seen a gradual increase in volume, supporting the strength of the current movement.
---
Trading Strategy (4H Breakout Strategy):
1. Entry Point:
Enter on a clear break of the resistance level 0.00001500 with a 4-hour candle closing above it and high trading volume.
2. Take Profit Targets (TP):
TP1: 0.00001550
TP2: 0.00001590
3. Stop Loss (SL):
Below the level 0.00001430 (Previous Support + Bollinger Average)
Professional Trading Tips:
Do not enter the trade until after confirming the close above the resistance, to avoid false breakouts.
Watch for the MACD crossover with the volume continuing to grow to confirm the momentum.
Avoid FOMO, and enter with confidence after the technical signals are realized.
