I am using the same chart as before with the same drawings, the same trading range.
Notice that SHIBUSDT (Shiba Inu) produced a lower high recently and continues bearish. Our leverage SHORT is active with two targets hit and now a new entry is possible.
There was a small bounce, three days green, and this is repeating all across the market. This is due to the positive US elections results. The excitement is dying out though and the market is about to resume the main trend in which it has been moving for most of the year.
A lower low is possible and we wait patiently for the chart/market to unravel.
If prices move and close above the upper boundary of the trading range, bullish potential becomes active. As long as the trading is happening within the channel, the potential remains bearish.
I will do an update for PEPEUSDT tomorrow when my publishing slots open, I belief I reached the limit for today.
Thank you for reading.
Namaste.
