SHIB is attempting a major breakout from the descending channel. If successful and volume picks up, SHIB holders may get some juicy profits.
Are you ready?
The only risk I see here is the overall market turning bearish again, making this move just another bounce like in December.
For now SHIB should at least test the first resistance level on the chart.
All in all, SHIB correction should be ending now. MACD on daily turned bullish so probably a good risk/reward to explore some longs.
Like and follow if you liked my idea!
Are you ready?
The only risk I see here is the overall market turning bearish again, making this move just another bounce like in December.
For now SHIB should at least test the first resistance level on the chart.
All in all, SHIB correction should be ending now. MACD on daily turned bullish so probably a good risk/reward to explore some longs.
Like and follow if you liked my idea!
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