DU09

SHIB/USD - Under resistance, can it break out? 🤔

Long
BINANCE:SHIBUSDT   SHIB / TetherUS
SHIB is under the $0.000012 resistance and price appears keen to break above it, but so far it was rejected by bears.

With another push it could succeed, but for that the whole market, including BTC needs to break higher.


Hard to say where the market will go next, but SHIB remains somewhat bullish based on this price action.

The biggest concern is the lack of volume , that does not seem too good in my book and is a bearish indicator.

Patience for now. Bias remains somewhat bullish . I'd turn bearish if support is lost.

Like and follow if you liked my idea!


📣 Join my premium crypto community & follow me on Twitter / YouTube! 👇 LINKs BELOW 👇

☑️ Discuss signals and trading ideas
☑️ See real trades and wins explained
☑️ Join our premium group! 👍

🥇 Likes and follow appreciated! 🚀
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.