SHIB and other memecoins should give us an interesting time ahead so let's see how we trade from here.
Entered a long end of September from 0.017670 and looking to see how we play from here. Stops are currently resting at 0.009045. In all transparency this is a long term trade.
We've had some nice pa to the upside and the lower ranges have held so far. Similarly to ETH and the rest of the market - BTC will dictate the overall sentiment.
Trading plan is straightforward.
IF we hold the current levels expect us to trade higher towards 0.045000.
IF we fail to hold expect us to aggressively break through 0.009045. IF we break and deviate... 0.009045 should be your new entry for the exact same trades (your stops will then ideally rest below the newly create sellside)
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.