strong buy
Shiba Inu (SHIBUSD) Technical Analysis Suggests Potential Long Entry
The second attempt at Shiba Inu? The trend line I drew was broken, and it came back to test from the opposite side. If it behaves as shown in my screenshot, it will be the third base test. Currently, there's a local rebound and a wave breakdown. The current small wave is testing the broken trend line, which could trigger a signal to go long. Opening a long position seems promising. I hope you're right and I am wrong, because otherwise, you'll face a stop-loss again.
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AI Analysis
The analysis focuses on recent price movements of Shiba Inu (SHIBUSD). The trader highlights the significance of a broken trend line that was previously drawn, which now serves as a key support or res...
AI Recommendation
Based on the current technical signals, a cautious long position could be considered if the price sustains support at the broken trend line and shows confirmation of the bounce through volume and pric...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.