strong buy
SHIB/USDT Breakout Targets and Reversal Confirmation
The price of SHIB/USDT has exited a falling wedge after liquidating below the 2-hour order block zone. It is forming a local reversal pattern with a breakout confirmation, and the strong rebound from the lower boundary back into the range supports a bounce scenario. Unfilled FVG and 1H order block zones above remain logical targets for movement.
Expected profit levels are:
TP1: 0.013811 USDT — close of FVG.
TP2: 0.014646 USDT — 1H order block supply zone.
TP3: 0.017343 USDT — key liquidity and upper boundary of the 1H order block.
This analysis suggests a bullish outlook with defined targets upon confirmation of the reversal pattern.
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AI Analysis
The recent price action of SHIB/USDT indicates that the pair has broken out of a downward wedge pattern, a bullish technical indicator suggesting a potential reversal. This breakout occurred after a l...
AI Recommendation
Based on the current technical patterns, a long position in SHIB/USDT appears favorable, provided the price remains above the breakout point. Traders should consider entering around the current levels...
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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