This is a one-day-time frame analysis for SHIBUSDT
In the current chart, you see R2 and R1 as the resistance areas which both contain the disability of the price to rise. S1 used to be another resistance area and S2 is a support line with the well support of price. Thus, we have the price fluctuating below R1 area and our expectation would be a decline to S1 line (according to its past trend) and there we should have some confirmation candles to rise and the long position of our chart is activated and an increase is waiting for the price to higher amounts. Make sure to consider the confirmation candles for having less risky trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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