Shiba has been in a downward trend for six months and now it has hit the ceiling of its descending channel for the second time, which overlaps with the resistance zone. Considering that the oscillator is in the overbought area, we can enter a Take a short position at the price of 0.00000765 and set the loss limit and the minimum target according to the image.
Note: If the upward trend line breaks, we wait for a pullback to the trend line and open a long position
Note: If the upward trend line breaks, we wait for a pullback to the trend line and open a long position