Brian_Philips

SHIBUSDT in a range market

BINANCE:SHIBUSDT   SHIB / TetherUS
Hey guys,
As you asked about the SHIBUSDT, this market is in range right now and probably it will remain at this range for the following days.
There are 3 things that we've to consider about this chart:
1. Price moves up and down between a support and resistance area (Range market) - It specified on the chart
2. The previous bearish trend
3. Bullish divergence on RSI(14)

Based on these scenarios, we have a good range market which can be traded by selling at the top and buying at the bottom.
** After breaking the range, then we've to recheck the market and then act based on it.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
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