Since the prices are moving in a wide channel, I've decided to set the chart as 4H to get better results.
The market is showing Buy Volumes for SHIB coin now. Not strong, but still.
Two support areas are holding the price up, and two resistance pushing down on it.
The lower and the higher Bollinger Band are also supporting and resisting here, so watch out for them.
Price can go a little lower till touching the support; that's when we can get more confirmations to open positions.
Watch our for the middle Bollinger Band, Seems like the price is trying to break it for the past few hours. That might be an activated resistance level.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $0.00005799
Let me know your ideas.
Good luck.
The market is showing Buy Volumes for SHIB coin now. Not strong, but still.
Two support areas are holding the price up, and two resistance pushing down on it.
The lower and the higher Bollinger Band are also supporting and resisting here, so watch out for them.
Price can go a little lower till touching the support; that's when we can get more confirmations to open positions.
Watch our for the middle Bollinger Band, Seems like the price is trying to break it for the past few hours. That might be an activated resistance level.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $0.00005799
Let me know your ideas.
Good luck.
