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.
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.
Note
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.
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Disclaimer
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.