🔴 SHIBA INU LIVE (Supply & Demand) Zones & Trading SIGNALS 🔼🔽🔥

-------- Supply and Demand -------- #shibalive #shibainucoin

Demand Border
🟪 PINK BRIGHT - When Zone is Active
PINK TRANPARENT - When Zone is hit becomes Transparent

Supply Border
🟨 YELLOW BRIGHT - When Zone is Active
YELLOW TRANPARENT - When Zone is hit becomes Transparent


Demand & Supply Alerts
Two types of alerts are sent:
1. Hit: The price hits an active zone.
2. Near: The price approaches the active zone.

Supply Example
1. When the price is below the supply zone and the high hits the zone, an alert is sent.
2. When the price is below the supply zone and the high is within the Near %, an alert is sent.


-------- RSI Buy Sell Signals --------

Overbought 🟧🔼 Above Bar
Oversold 🟩🔼 Below Bar
Overbought + Hammer/Shooting 🟪🔽 Above Bar
Oversold + Hammer/ Shooting 🟩🔼 Below Bar
Oversold + 2 Bulls 🟩🔼 Below Bar
Overbought + 2 Bears 🟦🔽 Above Bar

Rsi Overbought - 75
Rsi Oversold - 25
Hammer body size - 0.3333


-------- Observations --------

STRONG BUYS:
Near Demand Zone or Confirmation Hit + Oversold + 2 Bulls 🟩🔼 Below Bar
Near Demand Zone or Confirmation Hit + Oversold + Hammer/ Shooting 🟩🔼 Below Bar

Close at 1st, 2nd or 3rd Supply Zone hits, Personal Taste
or
⚠ Risky: Wait until EXIT Signal Appears

STRONG SELLS:
Near Demand Zone or Confirmation Hit + Overbought + Hammer/Shooting 🟪🔽 Above Bar
Near Demand Zone or Confirmation Hit + Overbought + 2 Bears 🟦🔽 Above Bar

Close at Close at 1st, 2nd or 3rd Demand Zone hits, Personal Taste
⚠ Risky: Wait until BUY Signal Appears


#shibainucoin
#shibalive

Trading solely based on SUPPLY and DEMAND ZONES can be a powerful strategy.
Here are four key strategies to consider:

1. **Identify Strong Supply and Demand Zones**:
- Find areas where price has sharply reversed or consolidated in the past, indicating supply or demand zones.
- Supply zones show sharp price declines, suggesting selling pressure, while demand zones show sharp price increases, indicating buying pressure.
- Use tools like trend lines, support/resistance levels, and volume analysis for confirmation.

2. **Wait for Confirmation Signals**:
- Wait for confirmation signals like candlestick patterns or momentum indicators to validate the potential reversal.
- Look for patterns such as engulfing patterns or divergence in indicators like RSI or MACD.

3. **Implement Proper Risk Management**:
- Determine your risk tolerance before entering a trade.
- Set stop-loss orders just outside the supply/demand zone to limit losses.
- Calculate position size based on risk tolerance and distance to stop-loss.

4. **Monitor Price Action for Exit Signals**:
- Keep a close eye on price action once in a trade.
- Exit when price reaches a predetermined target or shows signs of reversal.
- Use trailing stop-loss orders to protect gains and ride trends while minimizing losses.


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↪︎ Disclaimer 1: Prices can differ from exchange to exchange and is NOT recommended to take this live stream as a live price reference of Shiba Inu Token. Chart provided is by Trading View and real price differs from the stream about +10s. The chart has been Edited to be transparent for entertainment purposes only.

↪︎ Disclaimer 2: Anything said here is not financial advise and should NOT be taken as a decision for any type of investments. Crypto Chimp Channel and Owner are not Financial Advisors and are not giving Financial Advise in this Video nor in Live Streams, We and I are Strictly only giving our opinion.

↪︎ Disclaimer 3: All rights belong to their respective owners. If any owner of track/background used in this video/live-stream/mix is unhappy, please do not report us, take your time to contact us. We will provide you proper credits or remove the video if you demand.



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