Over the last week, SHIB has seen an almost 50% increase in value. With SHIB closing in on the strong local resistance at 850 (omitting the zeroes for readability), a strong move is expected.
The main coin to look at will be Bitcoin. If BTC manages to make a strong bullish move, alts will follow. Same goes for the opposite. Therefore, I'm looking at alts with a higher potential of making a strong break out move, like Shiba in this case.
In case of a bullish break out, I'm targeting the 930 area. In the bearish case, 700 would be my near term target.
Happy trading!
The main coin to look at will be Bitcoin. If BTC manages to make a strong bullish move, alts will follow. Same goes for the opposite. Therefore, I'm looking at alts with a higher potential of making a strong break out move, like Shiba in this case.
In case of a bullish break out, I'm targeting the 930 area. In the bearish case, 700 would be my near term target.
Happy trading!
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