SHIB is forming a falling wedge
SHIB Analysis
SHIB is forming a falling wedge and respecting both the resistance and support lines. The major support zone for SHIB is 680-720 (there are a lot of zeros). If you looking to open a long position in SHIB place your orders in the support zone. Use only 1-2% of your funds as SHIB is just a memecoin or say shitcoin and not good for long-term investment. The resistance levels are 825-920-1035-1090-1160 (check the zeros). If SHIB breaks the support zone downwards there is no support so trade with a tight stop loss of 640-650.
SHIB is forming a falling wedge and respecting both the resistance and support lines. The major support zone for SHIB is 680-720 (there are a lot of zeros). If you looking to open a long position in SHIB place your orders in the support zone. Use only 1-2% of your funds as SHIB is just a memecoin or say shitcoin and not good for long-term investment. The resistance levels are 825-920-1035-1090-1160 (check the zeros). If SHIB breaks the support zone downwards there is no support so trade with a tight stop loss of 640-650.
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