SHIB - Daily Chart ✅
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SHIB isn't as strong as DOGE Coin right now.
The market is showing Buy Volumes, but it's not that high anymore.
We have two possible support areas for now:
The first one is our solid support which indeed can hold the price up. And the other one is not strong, so we need to wait for a 4H candle to stay above it. Then we can count that as good local support.
THere's also a resistance area that can push the price back down as it did once before. So watch out for that one.
Use this chart as your trade setup for now; I'll keep it updated.
Let me know your ideas.
Good luck.
The market is showing Buy Volumes, but it's not that high anymore.
We have two possible support areas for now:
The first one is our solid support which indeed can hold the price up. And the other one is not strong, so we need to wait for a 4H candle to stay above it. Then we can count that as good local support.
THere's also a resistance area that can push the price back down as it did once before. So watch out for that one.
Use this chart as your trade setup for now; I'll keep it updated.
Let me know your ideas.
Good luck.
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