SHIB, who is stronger the sellers or the buyers? SHIB is also, like most altcoins, in a trading range. For the whole month the price is squeezed between the levels of $0.00003 and $0.00004.
It is worth noting that the price has tried to breakout of this range several times, but all ended up in a false breakout and liquidity collection.
Now we should highlight two main scenarios:
- The first scenario: squeezing and the breakout of the key level can be a good buying opportunity.
-The second scenario: a fall and a false breakout of the lower boundary of the trading range. In the case of a false breakout there may also be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
