SHIB Bulls: Hold My Leash!
SHIBUSDT is showing promising bullish signals. The price is currently trading above the EMA Ribbon, which remains in a bullish posture, supporting the upward momentum. The market recently experienced a bullish break of structure, confirming the ongoing trend.
The current resistance at 2945 is proving to be a challenge, with the price showing signs of rejection. However, this could present an ideal opportunity for a pullback, offering potential entry points. The Fibonacci retracement levels highlight the zone between 2000 and 1825 (61.8%) as a key area to watch. This region also aligns with a previous resistance level that now acts as support, enhancing its significance as a strong accumulation zone.
The TSI indicator further reinforces this bullish outlook, sitting comfortably above the zero line with room to grow. If the price finds support and rebounds from the mentioned levels, the next major target lies at 4567, marking a significant upside potential.
Adding to the bullish case, the Signal Builder has recently flashed a buy signal, aligning with the above factors and further boosting the probability of a sustained upward move.
Conclusion: Watch for potential retracements to the 2000–1825 zone for optimal entry. If the bullish momentum continues, a breakout above 2945 could pave the way for a rally toward 4567.
👨🏻💻💭 What’s your take on SHIB’s next move? 🚀
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