October 13, 2024 at 12:24AM Shiba (SHIB) – Return to the Right Shoulder of a Head & Shoulder

Shiba (SHIB) – Return to the Right Shoulder of a Head & Shoulder

SHIB / TetherUS BINANCE:SHIBUSDT

rebenga93

On the 4H chart, Shiba shows a return to the right shoulder of a “Head & Shoulders” pattern. The price is near a significant resistance level. If this resistance is broken, the next target is at the upper resistance level.

Trading Scenario:

• Long: If the resistance is broken, aim for the next resistance level to take profits.
• Short: If the price is rejected at the resistance, a pullback to lower levels is possible.