SHIB - Turning Bullish on the Daily, Great Long Entry

11 Oca 2023

I like this long entry here. Looking at the daily chart, you can see that the price has fallen over 90% from its all-time high and is finding support from 2021 resistance levels. The daily MACD has turned bullish and crossed the zero-line. Given the large retracement and strong demand zone here, I think this is a good risk reward entry. I'm long here, but if you want to be extra cautious, buy the breakout.