SHIB/USD - Massive breakout approaching resistance!
As predicted, as soon as SHIBA moved out of our ever lasting channel or flat trend, we EXPLODED.
SHIB did a 5x in what, 8 days? LOL.
Now is the time to plan your exit and securing those profits... you see that big resistance above? Best to take some profits around that zone and not be greedy.
If you want, keep some SHIB for the LOLs and HODL, as this may still go higher, but the volume and bearish MACD histogram don't give us confidence this move has much steam left, at least in the short term.
Hence take your profit and wait as we may have a pull back once we touch the resistance level.
I don't exclude another day or two of price pumping, but be mindful of the volume crashing down, that is an early bearish sign.
Like and follow if you liked this idea!
SHIB did a 5x in what, 8 days? LOL.
Now is the time to plan your exit and securing those profits... you see that big resistance above? Best to take some profits around that zone and not be greedy.
If you want, keep some SHIB for the LOLs and HODL, as this may still go higher, but the volume and bearish MACD histogram don't give us confidence this move has much steam left, at least in the short term.
Hence take your profit and wait as we may have a pull back once we touch the resistance level.
I don't exclude another day or two of price pumping, but be mindful of the volume crashing down, that is an early bearish sign.
Like and follow if you liked this idea!
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