🚩🔥SHIB test the weak trendline! Is the breakout soon❓

14. Sept. 2022

Hi friends! After yesterday CPI data all the altcoins and Bitcoin make the pullback for 5-10%. In the previous ideas i said that day traders have to be carefull during such events.

ShibaInu also make a pullback to the global trendline for the 2nd time. As you know, the more times a level is tested, the weaker it becomes. Also the price consolidate above the big value $0.0012-0.00126 area and if it`s will be broken, the local dump is really possible.

Now we have all opportunities to open a short trade, if these preconditions will realize:
🔥 squeeze to the trendline
🔥 the huge SELL wall on DOM and Footprint by the whales
🔥 bearish BTC pull all the altcoins down

🚩 Pay your attention to the growing volumes at highs! A lot of big sellers sold their SHib to retail traders.

📊 The targets is the closest value area $0.001-0.0011.

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.