SHIB has been stalling near June high in the last few days. If the trend repeats, long trade ideas are feasible at these levels...
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionSHIB consolidates gains near the June high of $0.00000874.has maintained a bullish outlook. The memecoin’s recovery from mid-June has offered +55% gains as SHIB bounced from <$0.00000550 to June high near $0.00000874.The attempt to reclaim the June high tipped SHIB to foray into a previous May price range of $0.00000846 – $0.00000903.
Below the previous range-low, $0.00000846, is a confluence area of the three price levels. It comprises a bullish breaker , a price imbalance/Fair Value Gap , and trendline support .
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