SHIBA might be ready for an expansion!

Intro:
This is an overview of a short-term trade you could take on SHIB.
This could be a hedge on a LONG if you are currently long on SHIB!

Analysis:
I believe we are ready for a big expansion (whipsaw in price action).

What could go wrong?

I believe we could also see this form of price action to run the liquidity near the highs.

I'll be using the Adaptive MCVF to get an optimal entry.
If this path is taken, I'll try to enter below the wedge and below the POC of the range we have seen.

Another issue could also be that my short-term trend systems are saying that there is a bearish trend (obviously short-term). This could mean that the price could flush down without us being able to get an optimal entry

Indicators used are linked below. I've made them free for TradingView users:)

评论:

Expansion has started, right after I posted!

评论:

You welcome!
If you read the post you would have been completely warned about the flus down in price after the expansion

评论:

Neutral short term.
Will update when my own trend systems determine if trend will continue bearish short-term or switch bullish short-term