strong buy

Shiba Inu USDT Breakout Targets with Bullish Confirmation

The price action shows that it has broken out of a bearish wedge, confirmed by a Break of Structure (BOS) and Change of Character (Choch) on lower timeframes. Holding above the 2-hour order block (OB) and trendline support suggests strong buying interest. A rising low pattern is forming, and the return to the range accompanied by increasing volume indicates potential bullish continuation. Unfilled zones such as Fair Value Gap (FVG) and 1-hour OB above serve as probable targets. Reaction to key liquidity points further supports the likelihood of an upward move. Target levels are as follows: - TP1 at 0.01395 USDT, aiming to close the local FVG; - TP2 at 0.01524 USDT, aligning with 1-hour OB and liquidity zones; - TP3 at 0.01734 USDT, the upper boundary of 1-hour OB and a significant resistance. This analysis suggests a bullish setup with clear levels for taking profits, driven by strong structure confirmation and liquidity considerations.
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AI Analysis

The current price action on the 2-hour timeframe indicates a bullish breakout from a downward wedge pattern. This breakout is validated by a Break of Structure (BOS) and a Change of Character (Choch) ...

AI Recommendation

Given the bullish confirmation signals and well-defined targets, maintaining a long position appears justified. It is advisable to monitor the price action closely as it approaches key levels like the...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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