SHIBA - Has Broken Its Downtrend Line

On an hourly timeframe, as you can see, SHIBA has broken its downtrend line and has been able to be above its 3630 support line. But I still did not see a good sign for Shiba. To climb, it needs to break the important resistance of 3880 and reach price stability above it to expect to climb to higher targets. Otherwise, if it loses 3200 support, we will see a decline to lower support. The range of 3200 to 3400 that I have drawn for you is very important. If it breaks, we will see it fall to the limits drawn below.

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