Since yesterday's massive sell-off, SHIBA has been following a clear triangular pattern, also known as a flag. Since the pattern appears during a bearish trend, it's a bear flag.
Consolidation patterns, like this flag pattern, often result in a volatile move once the pattern is complete. Since this is a bearish continuation pattern, statistically a bearish break out would be more likely.
However, the current dip is being bought up very quickly, so I wouldn't be surprised if SHIBA made a bullish move withing the next couple of hours.
In case of a bullish break out, wait for the price to close above the yellow dotted line before entering. Same goes for bearish, but on the other side of the pattern.