Shiba Inu Trading Range, Medium-Risk 5X SHORT—172% Potential
2024-10-20

Good afternoon respectful trader, let me explain my thinking first and then we can get to the numbers.

Shiba Inu (SHIBUSDT) faced resistance recently at MA200, late September. This same level is working as resistance again with very low volume and a lower high. This opens the doors for another drop.

The main move is a drop that started in early March, so the tendency is down. If resistance is faced on weakness, the highest probability break is toward the direction of the main move.

The market can break to either side.
The market can be manipulated.
Not all trades hit.
This is medium risk based on the chart setup.

Leveraged trading is for experts only.

The lower low potential is strong based on these signals and many others that I gathered across the market and thus the SHORT. Below you can find the full trade-numbers for my latest trade.

➢  SHORT SHIBUSDT 

Leverage: 5X

Entry levels:

1) $0.00002150
2) $0.00002000
3) $0.00001850

Targets:

1) $0.00001750
2) $0.00001610
3) $0.00001495
4) $0.00001350
5) $0.00001245

Stop-loss:
Adjust to your own risk tolerance

Potential profits: 172%

Capital allocation: 3%
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Disclaimer: This is super risky. Liquidation can result in the loss of all funds. This is not for children. Adults only. Trade at your own risk.

This is not financial advice.

Thanks a lot for your continued support over the years. I am truly grateful.

Namaste.