SHIB/USDT this can be a bullish momentum if SHIB success break!

29. Mai

💎 Paradisers, #SHIB is indeed presenting intriguing movements that demand close observation.

💎 Currently, SHIB is encountering resistance within the ascending triangle pattern. A successful breakout from this pattern would signify a bullish trend reversal, potentially leading to significant upward movement and reaching our target resistance area.

💎 However, if SHIB fails to break above the pattern and experiences a harsh rejection indicated by a bearish candle, the price may retreat into a downward movement.

💎 In such a scenario, SHIB could revisit the trendline or even backtest the demand area to gather momentum for another attempt to break out.

💎 Upon reaching the demand area, it's crucial for SHIB to bounce back and resume its upward trajectory to reattempt breaking out of the pattern. Any sign of consolidation or weakness at the demand zone could signal potential challenges ahead.

💎 It's essential to closely monitor SHIB's price action, particularly its ability to hold above critical support levels. A breakdown below the demand area, confirmed by a daily candle close below it, would validate bearish momentum and potentially lead to further downward movement.

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