Hi friends! Now the large $0.00105-0.00111 value area become the support for SHIB. The price bounce from the value area and starts to make first local higher lows. The trend might change from the bearish to bullish very soon. Now SHIB squeeze to the global trendline and i thonk after the 4th test it will be broken up.
âś… SHIB is 100% follow my last scenario with liquidity colection near the value area! Do you use this analysis in your trades? Write in the comment!
As you can see the volume growth always at the bottom which means that the big guys buy a lot of SHIB to sell ot higher. It`s additionall confirmation of the buyers pressure.
📊 Use these preconditions to open a long: 🔥 squeeze to the global trendline and value area of $0.00115-0.00126 🔥 volume growth or the large BUY orders on DOM and Footprint before the breakout 🔥 bullish BTC push the price of all altcoins higher. Especially some hype coins like Shiba
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.