Technical analysis by davidjulien369 about Symbol SHIB: Buy recommendation (5/19/2025)

1Hr TF overview 🟩 Buyside Trade Log📈 Pair: SHIB/USDT🏷️ Type: Intraday | NY Session PM🧠 Setup: Wyckoff Accumulation (Breakout Phase)📅 Date: Monday, 19th May 2025🕐 Time: 1:00 PM (1.55 pm) 🔹 Entry Price: 0.00001393🔹 Profit Target: 0.00001535 (+10.19%)🔹 Stop Loss: 0.00001388 (-0.36%)🔹 Risk-Reward Ratio: 28.4🔍 Reasoning:The trade was structured around the Wyckoff Accumulation narrative, where the price completed its consolidation phase and transitioned into a breakout from the resistance ceiling. This move followed clear signs of absorption, a spring phase, and confirmation via higher lows within a trading range. Volume confirmed the breakout leg during the NY PM session. 5min TF entry Observe the failed first attempt (which provided the consolidation range) and added further conviction to the buy-side entry 2nd attempt.Stop level moved (5.10%)