SHIB - Daily Chart ✅
SHIB is moving as expected. That local support is still active, and it's holding the price. We are also able to get help from the Middle Bollinger Band as well. However, the bands are squeezing and trying to get the price consolidated for sudden pumps or drops. So watch out! It's the weekend.
There is one static resistance on the way up, which is local, and another is the Upper Bollinger Band. Those two can hold the price down.
In case of sudden weekend crashes, we have solid support, as you can see on the chart. That one is good enough to hold the price up.
The market is showing Buy Volumes for SHIB, so don't open short positions without more confirmations.
Use this chart as your trade setup for now; I'll keep it updated.
Let me know your ideas.
Good luck.
There is one static resistance on the way up, which is local, and another is the Upper Bollinger Band. Those two can hold the price down.
In case of sudden weekend crashes, we have solid support, as you can see on the chart. That one is good enough to hold the price up.
The market is showing Buy Volumes for SHIB, so don't open short positions without more confirmations.
Use this chart as your trade setup for now; I'll keep it updated.
Let me know your ideas.
Good luck.
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