After finally breaking out of the downtrend in February, Shibu never took off and has formed a new wedge since. Is this the bottom for Shiba? Maybe not, but sitting on a strong support level at 2500 I feel comfortable enough to load up a long term bag here. I will update targets once breakout is confirmed.
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Shiba had a very bullish day today. Biggest volume in weeks and the price shot up 22%. Another sign how strong the support is at the 2200 to 2500 level.