SHIB is currently fluctuating between key supply and demand areas.
At this juncture, it's advisable for traders to hold off on engaging in transactions until SHIB interacts with one of these critical zones.
This strategy is based on the broader, long-term bearish trend indicated by the descending trendline. However, it's important to note that if Shiba breaks through this trendline, there's potential for a shift towards an upward trajectory. This break could signal a change in market dynamics, presenting an opportunity for traders to reassess their positions in anticipation of a possible bullish reversal.
This analysis is for informational purposes only and should not be considered as financial advice.
At this juncture, it's advisable for traders to hold off on engaging in transactions until SHIB interacts with one of these critical zones.
This strategy is based on the broader, long-term bearish trend indicated by the descending trendline. However, it's important to note that if Shiba breaks through this trendline, there's potential for a shift towards an upward trajectory. This break could signal a change in market dynamics, presenting an opportunity for traders to reassess their positions in anticipation of a possible bullish reversal.
This analysis is for informational purposes only and should not be considered as financial advice.
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