SHIBUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for SHIBUSDT
R1 and R2 in this chart are our resistance areas and include the disability of the price to rise. And we have S1 which is a long-term support area at the bottom of the chart with its well support of price at different points. Thus, we see the price faced a decline after not being supported and now it is moving downward. We believe its falling trend continued toward S1; which is a proper point for putting trade orders. Then, via providing us some confirmation candles to rise at that point, a rise would happen for the price toward higher amounts such as R1. Keep in mind that in case the price is not supported and loses S1 area or is rejected at R1, more fall is there for it. The point is that if you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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