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SHIBUSDT.PS trade ideas

Shiba Inu: Potential +95% from Wedge Breakout!Hello dear traders! Your support means the world, so smash that like button to keep the motivation flowing! 💙💛 BINANCE:SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773. Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and BINANCE:SHIBUSDT breaking out of it is like a springboard for potential gains. For safety measures, consider setting a stop loss below 800 . This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy. Here's to successful trading! If you have any questions or need more insights, feel free to ask.
Long
by ArShevelev
Shib Signals Green: Buy Now, Thank Me Later!"## Shiba Inu Coin: Short Fundamentals, Recent News, and Disclaimer **Fundamentals:** * **Shiba Inu (SHIB):** A meme coin inspired by the popular dog breed. * **Launched:** August 2020. * **Market Cap:** ~$6.3 billion (as of Feb 23, 2024). * **Rank:** #13 on CoinGecko. * **Unique Features:** * Large and passionate community. * Listed on several major cryptocurrency exchanges. * Integration with various decentralized applications (dApps). **Recent News:** * **Feb 20, 2024:** Shiba Inu announces partnership with Bugatti Group to explore co-branding opportunities. * **Feb 14, 2024:** SHIB listed on Robinhood, a major US stock trading platform. * **Feb 8, 2024:** Shiba Inu announces plans to launch its own Layer 2 scaling solution called Shibarium. * **Jan 31, 2024:** SHIB price surges after major whale buys billions of tokens. **Disclaimer:** * This information is for educational purposes only and should not be considered financial advice. * Cryptocurrency investments are highly volatile and carry significant risks. * Do your own research before making any investment decisions. **Additional Notes:** * SHIB price has been highly volatile since its launch, driven largely by speculation and community sentiment. * The recent news items highlight growing interest and potential use cases for SHIB. * It's essential to be aware of the risks involved in cryptocurrency investments before making any decisions. I hope this information is helpful! Please let me know if you have any other questions.
Long
by MoonTradingForecast
4
SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈 From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic. This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases. The first three zones to watch will be : It's possible to expect corrections alongside the diagonal support line of higher lows. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:SHIBUSD BINANCE:SHIBUSDT
Long
by CryptoCheck-
6
SHIBA: Still Waiting For Bulls To Join The PartySHIBA: Still Waiting For Bulls To Join The Party After the price broke out of the pattern SHIBA only managed to test the small target. It is likely to test the previous support area (in blue) before the price moves even higher. Given that SHIBA has reacted several times in the past near the same area, this is increasing the chances of a larger bullish wave. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1
SHIB, yes it's a meme coin, but so is/Doge right? Fool me once, shame on you, fool me twice, shame on me This has the exact same history, and IMO, same trajectory as Doge. Maybe it doesn't have Elon pumping it as his love coin which can never hurt, but assuming a new bull run is here, and especially if the rumors about Grayscale ETF are true...Or imagine payment for X or the telegram or whatever the app is! Boom! Rich dad poor dad is no Elon, but he's something right? Last run, SHIB already had a very similar pattern (in percentage) to Doge. In fact, they both had about a 1000% initial bull run pump. Doge's second was 8000+ percent (give or take some depending on exchanges and when you bought). Thus, current price multiplied by 8000% percent = I get to buy a boat. I mean invest in my kid's future. Sometimes we (meaning mostly myself) have a tendency to make trading too complicated when it shouldn't be. History repeats itself, so why not this time? Especially with a "rival" meme coin that has nearly identical trading patterns and various other news, circumstances, patterns, etc. Frankly, I learned much during and after the last bull run. Particularly that there is very little downside to risking a little cash on something with this much hype that is still this cheap. I made about 9K on Doge last bull run (bought at .0015 or something) and sold around 3.5 cents. Mostly sold then too because robinhood froze me out and I freaked out and sold since I needed the cash. Don't get me started...Anyway, had I kept it for another 4-5 months = $1.7 milly. Not angry, not happy obviously, but not angry. Lots of lessons learned and I was a very young trader that was just excited to make 9K and pay some bills off. 9K off a meme coin, who would've guessed? Well this time, I be guessing and not again. Time to moon MFers PS: Doge going to 3$ plus too. Maybe 5-8$ if X adopts it. Do your own research, not financial advise. Etc. yadayadayada
by TheLuckyNoob
4
Shiba Inu Will Grow After One Final Drop... See Here!Shiba Inu will grow in 2024. Shiba Inu is likely to grow in 2025 as well but the chart/market is asking for one final drop; the end of the correction, before massive growth can take place. This is ok. This is fine. This is normal... The market moves in waves. We have a Head & Shoulders pattern and red candles after a lower high; all pointing down. Maybe 1-2 months max and then strong growth. There is the possibility of a new accumulation phase at support before the next jump. I will be here for updates. Thanks for your continued support. Namaste.
Long
by AlanSantana
2
SHIB (Shiba Inu) Technical Analysis & Trade Idea (video)Further to my previous post I thought I would do a video to explain my thought process behind the trade idea. SHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high. Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
Short
by fxtraderanthony